Find out the odd one and state reason
To provide funds for known liability in future
To calculate the correct net profit
To find out the true financial position
Fulfilling some specific purpose
Scrap value can also be called on ----------- value
Realizable
Break up
Resale
None of these
-------------- means amount set aside out of profit
Depreciation
Reserves
Provision
------------- is charged on a continuous basic
Revaluation
Realization
To ascertain the true result
To know the financial position
To present true balance sheet
To return funds for replacement
------------- cannot be utilized only for the purpose for which It is meant
Reserve
All of these
Increase or decrease in the value of current assets is
Fluctuation
Depletion
Obsolescence
A----------- is created after ascertaining the profit
Depreciation refers to a --------- in the value of tangible assets
Change
Decrease
.--------------- cannot be correctly calculated under depreciation on fixed assets is duly charged as a business expenses
Net profit
Gross profit
Financial leverage
