Please select a subject first
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Complete the following sentence:
Depreciation = `"Cost of asset - _____________"/"Estimated Working Life of the Asset"`
Concept: undefined >> undefined
Complete the following sentence:
In Fixed Instalment System the amount of depreciation is ______ every year.
Concept: undefined >> undefined
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Complete the following sentence:
The amount spent on installation of Machinery is a ______ expenditure.
Concept: undefined >> undefined
Complete the following sentence:
______ is the value which an asset realises at the end of its useful life.
Concept: undefined >> undefined
Complete the following sentence:
Depreciation Account is a ______ account.
Concept: undefined >> undefined
Select appropriate alternatives from those given below and rewrite the sentence.
Total of Purchase book is _________ to Purchase Account.
Concept: undefined >> undefined
State whether the following statements are ‘True or False’ with reasons.
The process of recording a transaction in the Journal is called Posting.
Concept: undefined >> undefined
State whether the following statements are ‘True or False’ with reasons.
A cash withdrawal from the business by the trader should be credited to Drawings A/c.
Concept: undefined >> undefined
Answer in One Sentence:
What is Net Profit?
Concept: undefined >> undefined
Answer in One Sentence:
State the meaning of Outstanding Expenses?
Concept: undefined >> undefined
Answer in One Sentence:
What do you mean by Prepaid Expenses?
Concept: undefined >> undefined
Give a word, term, or phrase which can substitute the following statement:
Expenses paid before it is due.
Concept: undefined >> undefined
Give a word, term, or phrase which can substitute the following statement:
Income due but not yet received
Concept: undefined >> undefined
Give a word, term, or phrase which can substitute the following statement:
Carriage paid on sale of goods.
Concept: undefined >> undefined
Give a word, term, or phrase which can substitute the following statement:
Account prepared to know Net Profit or Net Loss.
Concept: undefined >> undefined
Give a word, term, or phrase which can substitute the following statement:
The provision made to compensate the loss on account of likely debts.
Concept: undefined >> undefined
Give a word, term, or phrase which can substitute the following statement:
An amount spent on promoting sale of goods.
Concept: undefined >> undefined
Select the most appropriate alternatives given below and rewrite the sentence :
Discount earned is transferred to credit side of ___________ account
Concept: undefined >> undefined
Interest on Drawing is credited to __________ Account.
Concept: undefined >> undefined
Excess of credit over to debit in Profit and Loss Account indicates ________
Concept: undefined >> undefined
