CA CPT Model Test Paper 7 with solutions for online practice

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Question : 43 of 200

Marks: +1, -0

Provision for Depreciations A/c
To Fixed Assets 5000 |
Entry in above A/c Shows

Provision for depreciation made for Rs. 5000
Fixed assets sold for Rs. 5000
Fixed assets sold having Rs. 5000 as provision for depreciation A/c
Fixed asset revalued by Rs. 5000

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