Description : Why fixed instalment method is also called as straight-line method?
Last Answer : As name suggests the depreciation amount is same each period so it is called fixed installation/straight line.
Description : Under the __________ system of depreciation, the amount of depreciation does not change from year to year.
Last Answer : Under the __________ system of depreciation, the amount of depreciation does not change from year to year. ... (c) Depletion (d) Machine Hour Rate
Description : In declining balance method of depreciation calculation, the (A) Value of the asset decreases linearly with time (B) Annual cost of depreciation is same every year (C) Annual depreciation is the fixed percentage of the property value at the beginning of the particular year (D) None of these
Last Answer : (C) Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
Description : Under which method of depreciation the amount of depreciation remains constant every year?
Last Answer : Under which method of depreciation the amount of depreciation remains constant every year?
Description : According to ____________ concept, every business transaction has two aspects.
Last Answer : According to ____________ concept, every business transaction has two aspects. (a) going concerned (b) ... (c) business entity (d) dual aspects
Description : A company has 500 shares of face value Rs.50 in which Rs.30 is paid-up. The company collects Rs.12,000 as the second instalment. What is the paid-up v
Last Answer : A company has 500 shares of face value Rs.50 in which Rs.30 is paid-up. The company collects Rs.12, ... . What is the paid-up value of each share now?
Description : Amortization' in respect of financial obligation of a company means the (A) Liquidation of financial obligations on instalment basis (B) Commitment of financial obligation on priority (C) Liquidation of all the obsolete equipments of the company (D) Modernisation of the plant equipments
Last Answer : Option A
Description : Depreciation is always charged on __________ assets.
Last Answer : Depreciation is always charged on __________ assets. (a) Current (b) Fixed (c) Fictitious (d) Intangible
Description : The following data, relates to manufacturing company for the year 2006-07- Net Profit as per P & L A/c-Rs. 2,40,000; Depreciation-Rs. 80,000; Goodwill written-off- Rs. 40,000, Profit on Sale of Fixed Assets-Rs. 16,000, ... ) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above
Last Answer : Answer: None of the above
Description : The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the (A) Initial cost (B) Book value at the end ... ) Depreciation during the (n - 1)th year (D) Difference between initial cost and salvage value
Last Answer : (B) Book value at the end of (n - 1)th year
Description : Under ____________ method depreciation is calculated on written down value.
Last Answer : Under ____________ method depreciation is calculated on written down value. (a) Fixed Instalment (b) ... Balance (c) Revaluation (d) Depletion
Description : In the year 1583, an Italian merchant ____________ came to Kochi, Kerala.
Last Answer : In the year 1583, an Italian merchant ____________ came to Kochi, Kerala. (a) Vasco da Gama (b) Filippo Sassetti (c) Albuquerque (d) Ferdinand
Description : (i) Which accounting standard is followed for depreciation on fixed assets __________
Last Answer : Complete the following sentence : (i) Which accounting standard is followed for depreciation on fixed ... for a period of less than one year ______
Description : Rent, interest on fixed capital, depreciation of building, taxes and wages of the permanent labourers constitute
Last Answer : Ans. Fixed Costs
Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times
Last Answer : Answer: 4•06 times
Description : Which of the following costs would be considered a fixed cost? A. Raw materials. B. Depreciation. C. Bad-debt losses. D. Production labor.
Last Answer : B. Depreciation.
Description : What is the term in economics for the consumption of fixed capital? a) Investment b) Value added c) Production flow d) Depreciation
Last Answer : d) Depreciation
Description : Fixed charges for a chemical plant does not include the (A) Interest on borrowed money (B) Rent of land and buildings (C) Property tax, insurance and depreciation (D) Repair and maintenance charges
Last Answer : D) Repair and maintenance charges
Description : Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate ... chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)
Last Answer : (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)
Description : Which of the following is not deferred revenue expenditure? A. Heavy advertisement expenditure. B. Expenses incurred in removing the business to more convenient premises. C. Preliminary expenses. D. Depreciation on fixed assets.
Last Answer : D. Depreciation on fixed assets.
Description : The items of fixed cost are: a. Depreciation and labour b. insurance and repair c. Taxes and fuels d. Interest and housing
Last Answer : d. Interest and housing
Description : Annual depreciation of a machine is included in : A)fixed cost b)variable cost C)hiring cost d)none of them
Last Answer : A)fixed cost
Description : GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.
Last Answer : (d) When subsidies exceeds indirect taxes.
Description : Under which method of depreciation does the number of depreciation change every year?
Last Answer : Under which method of depreciation does the number of depreciation change every year?
Description : The depreciation method which reduces the value of a machine by equal amount each year during the useful life is known as a) Estimated method b) constant percentage method c) compound interest method d) straight line method
Last Answer : d) straight line method
Description : Opening WDV off the block of assets was Rs 15 lakh. During the year, asset was acquired under this block on 15 June 2017 amounting to rupees 10 lakh. One of the assets falling within the block was sold for rupees 5.5 ... . rupees 1.95 lakh f. rupees 2.5 lakh g. rupees 2.25 lakh h. Rs 1.45 lakh
Last Answer : e. rupees 1.95 lakh
Description : Opening WDV off the block of assets was Rs 15 lakh. During the year, asset was acquired under this block on 15 January 2018 amounting to rupees 10 lakh. One of the assets falling within the block was sold for rupees 5.5 ... rupees 1.95 lakh b. rupees 2.5 lakh c. rupees 2.25 lakh d. Rs 1.45 lakh
Last Answer : d. Rs 1.45 lakh
Description : Opening WDV of the block of assets was Rs.15 lakh. During the year, asset was acquired under this block on 15th June2017 amounting to Rs. 10 Lakh. Rate of depreciation of the block is 15%. Calculate the amount of depreciation ... 3.5 Lakh b) Rs. 3.75 lakh c) Rs. 3.00 lakh d) Rs.2.25 Lakh
Last Answer : b) Rs. 3.75 lakh
Description : In a ____________ advertising schedule, advertising is used during every period of the campaign, but the amount of advertising varies considerably from period to period. 1. flighting 2. dated 3. plotted 4. pulsing 5. continuous
Last Answer : pulsing
Description : The ____________ enlist 64 Indian scripts.
Last Answer : The ____________ enlist 64 Indian scripts. (a) Deepvamsa (b) Mahavamsa (c) Lalitvistar (d) Chullavamsa
Description : ____________ was the first woman to become a Buddhist nun in Sri Lanka.
Last Answer : ____________ was the first woman to become a Buddhist nun in Sri Lanka. (a) Sanghamitra (b) Anula (c) Anuradha (d) Tara
Description : ____________ is the Latin name of Iran.
Last Answer : ____________ is the Latin name of Iran. (a) Pars (b) Ariana (c) Susa (d) Persepolis
Description : The Iranian empire was established by ____________ of the Achaemenid dynasty.
Last Answer : The Iranian empire was established by ____________ of the Achaemenid dynasty. (a) Cyrus the Great (b) ... the Great (c) Daryush (d) Xerxes
Description : ____________ became the king of Macedonia.
Last Answer : ____________ became the king of Macedonia. (a) Daryush-I (b) Xerxes (c) Cyrus the Great (d) Alexander
Description : The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits.
Last Answer : Choose the correct reason and complete the sentence: The ____________ also mentions trade by exchange, ... Samaveda (c) Yajurveda (d) Rigveda
Description : The ____________ is regarded as the text that is fundamental in development of Indian music.
Last Answer : The ____________ is regarded as the text that is fundamental in development of Indian music. (a) ... ) Samaveda (c) Yajurveda (d) Atharvaveda
Description : The verses in ____________ is known on ‘Rueha’.
Last Answer : The verses in ____________ is known on ‘Rueha’. (a) Samaveda (b) Rigveda (c) Atharvaveda (d) Yajurveda
Description : ____________ function implies compliance of various provisions of Acts applicable to the organization.
Last Answer : ____________ function implies compliance of various provisions of Acts applicable to the organization. (a) Financial (b) Statutory (c) Office
Description : ____________ was composed in India around 1500 B.C.E.
Last Answer : ____________ was composed in India around 1500 B.C.E. (a) Atharvaveda (b) Samaveda (c) Yajurveda (d) Rigveda
Description : ____________ mentioned as the Lord of Urvara.
Last Answer : ____________ mentioned as the Lord of Urvara. (a) Agni (b) Varun (c) Indra (d) Pushan
Description : ____________ means ability to adjust oneself to changing situation.
Last Answer : ____________ means ability to adjust oneself to changing situation. (a) Loyalty (b) Adaptability (c) Punctuality
Description : A ____________ site was found at Lahuradeva in Sant Kabirnagar district of Uttar Pradesh.
Last Answer : Choose the correct alternative and write the complete sentence: A ____________ site was found at Lahuradeva ... (c) Neolithic (d) Chalcolithic
Description : in ____________ mesolithic man existed during 10000-4000 B.C.E.
Last Answer : Choose the correct alternative and write the complete sentence: in ____________ mesolithic man existed during ... (c) Bihar (d) Northeast India
Description : Pasting wet clay ribbons and making patterns on them is known as ____________ work.
Last Answer : Choose the correct alternative and write the complete sentence: Pasting wet clay ribbons and making patterns ... (c) apply (d) amalgamation
Description : Microliths were found in ____________ age.
Last Answer : Choose the correct alternative and write the complete sentence: Microliths were found in ____________ age ... (c) Mesolithic (d) Palaeolithic
Description : ____________ made the first stone tools.
Last Answer : Choose the correct alternative and write the complete sentence: ____________ made the first stone tools. (a ... (c) Homo habilis (d) Homo phones
Description : Total of Sales book is ____________ to sales account.
Last Answer : Total of Sales book is ____________ to sales account. (a) entered (b) moved (c) posted (d) given
Description : ____________ is prepared from the balances in the ledger accounts.
Last Answer : ____________ is prepared from the balances in the ledger accounts. (a) List (b) Journal (c) Book (d) Trial Balance
Description : ____________ is the act of transferring an entry from journal to ledger.
Last Answer : ____________ is the act of transferring an entry from journal to ledger. (a) Journalising (b) Casting (c) Balancing (d) Posting