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Question-1
Find out the odd one and state reason
(A)
To ascertain the true result
(B)
To know the financial position
(C)
To present true balance sheet
(D)
To return funds for replacement
Question-2
------------ is a non cash expenses
(A)
Depreciation
(B)
Asset purchased
(C)
Salary paid
(D)
Repair charges
Question-3
Find out the odd one and state reason
(A)
Estimated scrap value
(B)
Original cost
(C)
Sale price
(D)
Use full life of assets
Question-4
Find out the odd one and state reason
(A)
Profit on sale of fixed assets
(B)
Profit on revaluation of fixed assets
(C)
Profit on sale of goods
(D)
Profit on redemption of debentures
Question-5
Depreciation is charged on ------------- basis
(A)
Temporary
(B)
Permanent
(C)
None of these
(D)
All of these
Question-6
The term depreciation is used in relation to
(A)
Fixed assets
(B)
Current assets
(C)
Wasting Assets
(D)
Intangible assets
Question-7
This term is used to write off intangible assets such as patents, copyrights etc. Identity the term.
(A)
Amortization
(B)
Depletion
(C)
Depreciation
(D)
Fluctuations
Question-8
Fixed installment method can also called------------ method
(A)
Straight line
(B)
Revaluation
(C)
Annuity
(D)
None of these
Question-9
Depreciation is charges on --------- assets only
(A)
Intangible
(B)
Tangible
(C)
Wasting
(D)
None of these
Question-10
Increase or decrease in the value of current assets is
(A)
Depreciation
(B)
Fluctuation
(C)
Depletion
(D)
Obsolescence
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Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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