Multiple Choice
The amount of depreciation charged on a machinery will be debited to:
A) Machinery Account
B) Depreciation Account
C) Cash Account
D) Repair Account
Correct Answer:
Verified
Correct Answer:
Verified
Q46: Which of the company's capital is not
Q47: Depreciation is a process of:<br>A)Valuation of asset<br>B)Allocation
Q48: For providing depreciation on leasehold property, the
Q49: Share allotment account is a ------------------<br>A)Personal Account<br>B)Real
Q50: Debenture is treated in books of account
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
Q56: Loss of usefulness occasioned by improved production