Tag: accountancy
Questions Related to accountancy
Match List-I with List-II and select the correct answer using the codes given the lists.
List-I | List-II |
---|---|
I. Uncertain liability | (a) Amortisation |
II. Expiry of tangible asset | (b) Long-term liability |
III. Basis for all valuations in the balance sheet | (c) Research and development |
IV. Accounting standard-As-$8$ | (d) Estimated obligation |
(e) Conservation convention |
__________ reduces the availability of the quantity of the material or asset.
_____________________ refers to writing-off the cost of intangible assets.
Depreciation is always charged on ______ Assets.
The money value which is obtained after selling an asset is called __________.
Depreciation increase the value of asset.
The term "__________" is used for the process of measuring and recording the exhaustion of natural resources.
_____________ is/are subject to depletion rather than depreciation.
A machinery was purchased on $1-1-2013$. It was delivered on $1-4-2013$. The installation was completed on $1-7-2013$. The trail run was completed on $30-9-2013$ and was made available for use on $1-10-2013$. The actual utilization started from $1-12-2013$. The effective period for calculation of depreciation for $2013$ is __________.
ABC Ltd. paid Rs. $24$ lakh for use of copy right purchased. This amount can be written off under _________ method of depreciation.