A______ is created after ascertaining the profit.
Provision
Reserve
Depreciation
None of these
Find out the odd one and state reason
Estimated scrap value
Original cost
Sale price
Use full life of assets
_________ cannot be correctly calculated under depreciation on fixed assets is duly charged as a business expenses.
Net profit
Gross profit
Financial leverage
Profit on sale of fixed assets
Profit on revaluation of fixed assets
Profit on sale of goods
profit on redemption of debentures
Reserve shows excess of assets over________.
Profit
Receipts
Income
Liabilities
________refers to writing off the cost of intangible assets like patents, copyright, trademarks, franchisers, leasehold mines which have entitlements for the use of a specified period of time.
Amortization
Depletion
Both of these
The reserve that is created out of profit to meet any unforeseen contingency is called_________reserve.
General reserve
Specific reserve
Dividend equalization reserve
Reserve for replacement of assets
The term depreciation is used in relation to
Fixed assets
Current assets
Wasting Assets
Intangible assets
General reserve is also called as_________.
Free reserve
Reserve fore replacement of assets
Obsolescence means fall in the value of assets due to
Fall in market price
Wear and tear
Innovation and invention
All of these
