Multiple Choice
Which of the following is true about the straight-line method?
A) Complex method
B) Cost of depreciation remains constant
C) Cost of depreciation changes every year
D) P&L account debited with different amount every year
Correct Answer:

Verified
Correct Answer:
Verified
Q23: A share of a public company is:<br>A)Non-refundable<br>B)Non-transferable<br>C)Transferable<br>D)Not
Q24: A reserve created for redemption of debentures
Q25: Provision for Depreciation is<br>A)An appropriation of profit<br>B)A
Q26: A new company set up by existing
Q27: Debenture is a part of:<br>A)Owner's capital<br>B)Loan capital<br>C)Reserves
Q29: The balance sheet of the debentures sinking
Q30: The value of asset can be reduced
Q31: Which of the following statement is false?<br>A)A
Q32: If the asset is sold, the provision
Q33: Interest on Debenture is:<br>A)An appropriation of profit<br>B)A