O-LevelAccountingAccounting procedures7707/12 · May/June 2024 · Q161 Mark
A trader sold one of his vehicles. What is the journal entry to remove the total depreciation on the vehicle sold? account debited account credited A disposal of motor vehicles provision for depreciation of motor vehicles B income statement disposal of motor vehicles C provision for depreciation of motor vehicles motor vehicles D provision for depreciation of motor vehicles disposal of motor vehicles
Adisposal of motor vehicles; provision for depreciation of motor vehicles
Bincome statement; disposal of motor vehicles
Cprovision for depreciation of motor vehicles; motor vehicles
Dprovision for depreciation of motor vehicles; disposal of motor vehicles
✓ Correct answer
D: provision for depreciation of motor vehicles; disposal of motor vehicles
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