1.
Which of the following best describes the “Depreciation”?
1 out of 10
2.
A machine is purchased on 1st April, 2018 for ₹ 80,000. Expenses incurred on its installation is ₹ 20,000. The residual value at the end of its expected useful life of 4 years is estimated at ₹ 10,000. The amount of depreciation under Straight Line Method, for the year ended on 31st March, 2019 will be:
2 out of 10
4.
Straight Line Method of Depreciation is that method under which:
4 out of 10
5.
Which of the following will not be considered while preparing an Amended Cash Book?
5 out of 10
6.
Which of the following transactions will result in higher balance in the bank column of Cash Book in comparison to Pass Book?
6 out of 10
7.
Depreciation arises because of:
7 out of 10
8.
The term depreciation is used to write off:
8 out of 10
9.
Depreciation on fixed assets is:
9 out of 10
10.
Which of the following factors affect the amount of depreciation?
10 out of 10
