Multiple Choice
Depreciation is the process of:
A) Apportionment of the cost of the asset over its useful life
B) Valuation of assets
C) Maintenance of asset in a state of efficiency
D) none
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Short term provisions in the Balance Sheet
Q2: Share Application account is a<br>A)Real Account<br>B)Nominal Account<br>C)Mixed
Q3: Debenture holders are the:<br>A)Owners<br>B)Creditors<br>C)Directors<br>D)Suppliers
Q4: In this method depreciation is charged on
Q6: These reserves are created out of capital
Q7: These are the reserves created only to
Q8: Reduction in the book value of an
Q9: Debentures issued as Collateral Security for Rs.
Q10: Depletion applies to_<br>A)Current assets.<br>B)Wasting assets<br>C)Intangible assets<br>D)Fixed assets
Q11: Securities Premium Account is shown on the