________is a non cash expenses.
Depreciation
Asset purchased
Salary paid
Repair charges
________means the measure of the exhaustion of the useful life of an asset owing to use or obsolescence during a genuine period.
Appreciation
Revaluation
Realisation
Reserve which are not shown in balance sheet are called_________.
Capital reserve
Revenue reserve
Secret reserve
None of these
Under written down value method the rate of charging depreciation year after year_______.
Increases
Decreases
Remains constant
Find out the odd one and state reason
To ascertain the true result
To know the financial position
To present true balance sheet
To return funds for replacement
A________ is created after ascertaining the profit.
Reserve
Provision
Creation of reserve is
Not compulsory
Compulsory
All of these
A______ is created after ascertaining the profit.
Profit on sale of fixed assets
Profit on revaluation of fixed assets
Profit on sale of goods
profit on redemption of debentures
Increase or decrease in the value of current assets is
Fluctuation
Depletion
Obsolescence
