An amount written off in respect of the reduction in the value of an asset would be known as
An amount written off or retained by way of providing for depreciation, renewals, or diminution (reduction) in the value of assets is known as a Provision.
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An amount written off in respect of the reduction in the value of an asset would be known as
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Correct answer B
An amount written off or retained by way of providing for depreciation, renewals, or diminution (reduction) in the value of assets is known as a Provision.
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RPSC School Lecturer (School Education)