Depreciation is calculated on the____________?

✅ B. A Liability

Option A : An Asset in the Balance Sheet Option B : A Liability Option C : By adjusting it in the P & L A/c Option D : Both Correct Answer : Both and above Read more

✅ C. Commercial cost

Option A : Direct cost Option B : Variable cost Option C : Commercial cost Option D : Conversion cost Correct Answer : Commercial cost Read more

✅ A. Compensation paid to Directors on termination of their services

Option A : Compensation paid to Directors on termination of their services Option B : Expenditure incurred in connection with the renewal of a Trade Mark. Option C : Gratuities paid to Directors on termination of their services. Option D : Royalty paid in installments for the purchase of rights to manufacture and sell patient medicines. Correct Answer : Compensation… Read more

✅ D. Financial position as on a particular date

Option A : Results of operations for a particular period Option B : Financial position during a particular period Option C : Profit earning capacity for a particular period Option D : Financial position as on a particular date Correct Answer : Financial position as on a particular date Read more

✅ A. Triplicate

Option A : Triplicate Option B : Duplicate Option C : Single Option D : Quadruplicate Correct Answer : Triplicate Read more

✅ B. 500 being expense on travelling expense credited to travelling expenses

Option A : 500 purchase of old equipment not recorded in the books of A/c at all Option B : 500 being expense on travelling expense credited to travelling expenses Option C : Both Option D : None Correct Answer : 500 being expense on travelling expense credited to travelling expenses Read more

✅ D. 864

Option A : 792 Option B : 820 Option C : 840 Option D : 864 Correct Answer : 864 Read more

✅ B. Vehicle

Option A : Stock Option B : Vehicle Option C : Fixed deposit in bank Option D : Both and Correct Answer : Both and above Read more