Exam 44: Depreciation and Reserves: Understanding the Accounting Concepts

Premium received on issue of shares cannot be utilized for ---------.

In calculation of depreciation, all of the following items are actually estimates except:

A private invitation to the public to purchase shares of a company is called:

The balance of the forfeited shares account after reissue of forfeited shares account is transferred to:

Depreciation means

The profit on depreciation policy is transferred to:

These reserves are created out of revenue profits of the business for a specific purpose:

The asset which is an exception from depreciation is

The appropriation account is also called:

Value of an asset is 9 lakh, scrap value is 125000, estimated life is 10 years the cost of depreciation under straight-line method will be

A Company can issue share at a discount if:

Shares which are not preference shares are called:

Mr. X has underwritten 40,000 Shares, but the public applied for 50,000 shares. Therefore, Mr. B will get commission on the issue price of

Which of the term is used to write off in reference to tangible fixed assets.

Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:

Which of the following is not a reason that explains why more firms are reporting on social matters?

Return of shares voluntarily by a shareholder to the company for cancellation is called:

Depreciation is charged on

As per Articles of Association of the Companies Act 2013, a company has to pay interest on calls in advance at the rate of:

In depreciation calculation the life of an asset is: