If Depreciation is not charged in a particular year, then what will be the effect on the books of Accounts?
(a) Profits will be higher
(b) Profits will be lesser
(c) Assets can’t be shown in books of the firm
(d) Accounts can’t be prepared
(a) Profits will be higher
Explanation:
If Depreciation is not charged in a particular year, then Profits will be higher on the books of Accounts.