Multiple Choice
Loss on sale of machinery will be:
A) Debited on machinery A/c
B) Credited to machinery A/c
C) Credited to profit and loss A/c
D) None of them
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Interest on Debenture is:<br>A)An appropriation of profit<br>B)A
Q34: Which of the following are characteristics of
Q35: The share of profit a shareholder will
Q36: Depreciation applies to_<br>A)Current assets<br>B)Wasting assets<br>C)Intangible assets<br>D)Fixed assets
Q37: Depreciation of loose tools is provided by<br>A)Replacement
Q39: A company can issue sweat-equity shares to:<br>A)The
Q40: Depreciable amount plus residual value of a
Q41: The estimate about useful life of a
Q42: Debenture holder receive:<br>A)Fixed Interest<br>B)Dividend<br>C)Profit<br>D)None of them
Q43: Share Capital in the balance sheet is