Capital profits are used to write off the________of the company.
Revenue losses
Capital losses
None of these
Both of these
Find out the odd one and state reason
Estimated scrap value
Original cost
Sale price
Use full life of assets
Depreciation is charges on ________assets only.
Intangible
Tangible
Wasting
Obsolescence means fall in the value of assets due to
Fall in market price
Wear and tear
Innovation and invention
All of these
Profit on sale of fixed assets
Profit on revaluation of fixed assets
Profit on sale of goods
profit on redemption of debentures
_________ cannot be utilized only for the purpose for which It is meant.
Reserve
Provision
If any reserve is created for definite purpose, it is known as
General reserve
Specific reserve
A________ is created for some specific object.
Depreciation
This term is used to write off intangible assets such as patents, copyrights etc. Identity the term.
Amortization
Depletion
Fluctuations
Provision is a charge against________.
Profit
Asset
Liability
Capital
