Question on: JAMB Accounting - 2023
In manufacturing, depreciation of office machine is charged to
A
trading account
B
balance sheet
C
appropriation account
D
profit and loss account
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Correct Option: D
Depreciation of office machines in manufacturing is considered an operating expense, and it is charged to the profit and loss account. This reflects the decrease in the value of the office machine over time due to its use in the manufacturing process and helps in determining the true profitability of the manufacturing operations.
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