Multiple Choice Questions on The loss on sale of an asset is debited to ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

The loss on sale of an asset is debited to ........

Accountancy (11th) Chapter-7 Depreciation, Provisions and reserves
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    The loss on sale of an asset is debited to:

    Profit and Loss Account

    Correct Answer

    Trial Balance Cr. Side

    Incorrect Answer

    Balance Sheet

    Incorrect Answer

    Trading Account

    Incorrect Answer
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    Explanation:

    Profit and Loss Account

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