Multiple Choice
Depreciation is
A) An accounting necessity only
B) Tax necessity only
C) Tax and accounting necessity
D) Tax, account and audit necessity
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Debentures are shown in the B/S under
Q2: Which of the following item will be
Q3: Which of the following would not appear
Q4: loose tools are shown in the B/S
Q5: The original cost at which an asset
Q7: Capital account is a<br>A)Fictitious account<br>B)Personal account<br>C)Liability account<br>D)Nominal
Q8: According to which concept, proprietor of a
Q9: The process of converting foreign subsidiary financial
Q10: Divisible profit do not include<br>A)Insurance fund<br>B)Reserve fund,<br>C)profit
Q11: Revenue is generally recognized as being earned