Multiple Choice
…………….is the residual interest in the asset of an entity after deducting all liabilities
A) Capital
B) Net Asset
C) Depreciation
D) Equity
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Consumable stores are<br>A)Inventories<br>B)Property, Plant and Equipment<br>C)Investment Property<br>D)Intangible
Q10: FASB is based in…………….<br>A)London<br>B)Chennai<br>C)New York<br>D)Norwalk
Q11: Cost of inventory does not include<br>A)Salary of
Q12: ASB was set up in India on………………<br>A)21
Q13: An entity must measure its Property, Plant
Q15: An intangible asset is identified when,<br>A)It is
Q16: A property developer must classify properties that
Q17: Impairment loss is recognised when,<br>A)Carrying amount of
Q18: The cost of intangible asset at initial
Q19: IASB was established in the year….<br>A)1999<br>B)1977<br>C)1972<br>D)2001