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

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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.