The main objective of providing depreciation is to?

✅ B. Loss of 22,000

Option A : Loss of 20,000 Option B : Loss of 22,000 Option C : Loss of 11,000 Option D : Profit of 11,000 Correct Answer : Loss of 22,000 Read more

✅ C. Budget

Option A : Direct cost Option B : Cost Sheet Option C : Budget Option D : Marginal Costing. Correct Answer : Budget Read more

✅ C. The events after Balance Sheet date but before its approval by the board

Option A : All the significant events after the Balance Sheet date Option B : The events after Balance Sheet date but before submitting it to the Registrar of Companies Option C : The events after Balance Sheet date but before its approval by the board Option D : All changes after Balance Sheet date before its approval Correct Answer… Read more

✅ C. distribution cost.

Option A : prime cost. Option B : factory cost. Option C : distribution cost. Option D : production cost Correct Answer : distribution cost. Read more

✅ B. Profit & Loss A/c

Option A : Debtors A/c Option B : Profit & Loss A/c Option C : Profit & Loss Adjustment A/c Option D : Profit & Loss Appropriation A/c Correct Answer : Profit & Loss A/c Read more

✅ D. Petty cash book

Option A : Simple cash book Option B : Two column cash book Option C : Three column cash book Option D : Petty cash book Correct Answer : Petty cash book Read more

✅ A. Current assets and current liabilities

Option A : Current assets and current liabilities Option B : Profit and loss A/C and Balance sheet Option C : Current assets and non-current liabilities Option D : Current liabilities and non-current liabilities Correct Answer : Current assets and current liabilities Read more

✅ A. Acceptance

Option A : Acceptance Option B : Unconditional promise to pay Option C : Properly stamped Option D : Payment to be made legal currency Correct Answer : Acceptance Read more