The Depreciation Account is closed at the end of the year by transfer to the

– by
Question:

The Depreciation Account is closed at the end of the year by transfer to the

A.

General Reserve a/c

B.

Profit and Loss a/c

C.

Provision for Depreciation a/c

D.

Fixed Asset a/c

Answer» b. Profit and Loss a/c

Note: The above multiple-choice question is for all general and Competitive Exams in India.