Which of the following statements are / is true? “ Events after Balance Sheet are?

✅ C. 24

Option A : 37.5 Option B : 38.25 Option C : 24 Option D : 35 Correct Answer : 24 Read more

✅ C. Cash payments and cash receipts

Option A : Cash payments Option B : Cash receipts Option C : Cash payments and cash receipts Option D : Neither cash payments nor cash receipts Correct Answer : Cash payments and cash receipts Read more

✅ C. Installation charges paid in conjunction with the purchase of Office Equipment

Option A : Research and development costs during the year Option B : Interest on borrowed fund utilized for acquisition of Office Furniture Option C : Installation charges paid in conjunction with the purchase of Office Equipment Option D : Monthly rent of a machinery used in the business Correct Answer : Installation charges paid in conjunction with the purchase… Read more

✅ C. 4th July,2018

Option A : 30th June,2018 Option B : 1st July,2018 Option C : 4th July,2018 Option D : 4th August,2018 Read More Details about this Mcq Correct Answer : 4th July,2018 Read more

✅ A. Sole-proprietorship

Option A : Sole-proprietorship Option B : General Partnership Option C : Limited Partnership Option D : Corporation Correct Answer : Sole-proprietorship Read more

✅ C. Intangible Asset

Option A : Nominal A/c Option B : Tangible Asset Option C : Intangible Asset Option D : Fictitious Asset Correct Answer : Intangible Asset Read more

✅ C. The amount of depreciation decreases while the rate of depreciation remains the same

Option A : The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing Option B : The amount of depreciation and the rate of depreciation decrease every year Option C : The amount of depreciation decreases while the rate of depreciation remains the same Option D : The amount of depreciation and the rate of… Read more

✅ C. Obsolescence

Option A : Routine repair and maintenance Option B : Misuse Option C : Obsolescence Option D : Wear and tear Correct Answer : Obsolescence Read more