O-LevelAccountingAccounting procedures7707/11 · May/June 2017 · Q121 Mark
A business sells a machine which has been depreciated over several years. Which entry records the transfer of depreciation to the machinery disposal account? account to be debited account to be credited A machinery machinery disposal B machinery disposal machinery C machinery disposal provision for depreciation of machinery D provision for depreciation of machinery machinery disposal
Aaccount to be debited (machinery), account to be credited (machinery disposal)
Baccount to be debited (machinery disposal), account to be credited (machinery)
Caccount to be debited (machinery disposal), account to be credited (provision for depreciation of machinery)
Daccount to be debited (provision for depreciation of machinery), account to be credited (machinery disposal)
✓ Correct answer
D: account to be debited (provision for depreciation of machinery), account to be credited (machinery disposal)
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