At the end of the year, the interest paid and depreciation charged are transferred to the account | Faculties

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Mr. Dubey

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📊 Accountancy 2

Q. At the end of the year, the interest paid and depreciation charged are transferred to the account

(A) Asset
(B) Profit and Loss
(C) Purchaser
(D) Seller

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✅ Correct Answer: (B) Profit and Loss

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