Related MCQs

• Q. The depreciation charged on an asset will be credited to :
• Q. Every fixed asset loses its value due to use or other reasons. This decline in the value of asset i
• Q. Under Reducing Balance Method, depreciation to be charged :
• Q. The process of recording, classifying and summarizing all business transactions in order to know th
• Q. What is “Deposit in transit” in bank reconciliation?
• Q. Credit purchase of furniture shall be recorded in-
• Q. Farkhanda Jabeen Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the s
• Q. Depreciation is a process of :
• Q. Errors committed due to lack of basis principle of Accounting are called –
• Q. Following are the causes of Depreciation except