Tag: accountancy
Questions Related to accountancy
Annuity method is much suited to those assets _____________.
Interest is debited to asset account in ______________.
Under sum of years digit method, the amount of depreciation.
Under annuity method, the amount of depreciation _____________.
Which method of charging depreciation considers that the business besides losing the original cost of the asset also loses interest on the amount used for buying the asset?
Choose the correct statement _________________________.
Fundamental objective of depreciation is/are ________.
For charging depreciation, on which of the following assets, the depletion method is adopted?
For which of the following asset depreciation can be applied?
(I) Land
(II) Furniture
(III) Machinery
Which of the following is odd one?