When precision for depreciation account is maintained, the annual charge for depreciation shall be
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- A Debited to the provision account and credited to profit and loss account
- B Debited to the asset account and credited to profit and loss account
- C Debited to profit and loss account and credited provision account
- D Debited to the asset account and credited to the provisio account
- E Debiited to theprovisiom account and credited to the asser account
Correct Answer: Option C
Explanation:
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