Multiple Choice
Loss of usefulness occasioned by improved production methods is known as____
A) Physical deterioration
B) Obsolescence
C) Disuse
D) Inadequacy
Correct Answer:
Verified
Correct Answer:
Verified
Q51: The amount of depreciation charged on a
Q52: Amortization applies to<br>A)Current assets.<br>B)Wasting assets.<br>C)Intangible assets.<br>D)Fixed assets
Q53: Premium on issue of shares can be
Q54: Shareholder's funds include:<br>A)Equity share capital and General
Q55: In case of Annuity Method, the amount
Q57: AS 6 revised is an accounting standard
Q58: Income tax authorities recognize this method _<br>A)Straight
Q59: Cash loaned to a company is called:<br>A)Dividends<br>B)Debentures<br>C)Shares<br>D)Reserves
Q60: Share premium money can be used for:<br>A)Payment
Q61: Premium received on issue of shares cannot