Grants related to depreciable assets should be recognised as……., in the period in which their depreciation is charged

Related MCQs

• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• ………………………………………………..method the amount of depreciation expenses remains same throughout the useful life of a fixed assets
• How should an asset be initially recognised in the financial statements?
• The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------
• A charge created not on specific assets but generally on all assets is known as………….
• Fixed assets and current assets are categorized as per concept of:
• When an asset is sold or disposed of, where is the gain or loss recognised?
• Where is the amortisation of an intangible asset recognised?
• Assets are NPAs for a period not exceeding 12 months are called ………….
• Assets are NPAs for a period exceeding 12 months are called ………….