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P2 C2 Depreciation Accounts — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C2 Depreciation Accounts1 Mark
MCQ
Gradual and permanent decrease in the value of an asset is known as$ ……..$
  • A
    loss
  • B
    profit
  • ✓
    depreciation
  • D
    scrap value
✓

Answer

Correct option: C.
depreciation

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