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Adjustments in Preparation of Financial Statements — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAdjustments in Preparation of Financial Statements1 Mark
Question
What is meant by Depreciation?
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Answer

Depreciation is the fall in value of asset due to its use, efflux of time, technological changes and obsolescence.

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