Non-cash adjustments like Depreciation, Preliminary Expenses and Goodwill Written off are shown on the debit side of which account?

Related MCQs

• From the following details find out the fund from operations PAT Rs. 2,500 Accumulated Depreciation Rs. 2,900 Retained Earning Rs. 4,200 Goodwill Written off Rs. 300 Profit on Sale of Fixed Assets Rs. 200
• Among the following items which item is shown on the debit side of Adjusted Profit and Loss Account?
• Part of Profit transferred to General Reserve will be shown on the debit side of _________
• Which of the following statements is true? 1. If the amount of good will increases during current year, the difference is treated as purchase of goodwill. 2. If the amount of good will decreases during current year, It will treated as written off.
• The proposed dividend for the Current Year would appear on the debit side of which account?
• Loss on sale of Fixed Assets / Investment will be shown on the credit side of adjusted profit and loss account.
• When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
• From the following details find out the funds from operations: Net Profit after Tax Rs. 48,000 Depreciation Rs. 30,000 Loss on Sale of Outdated Machinary : Rs. 4000
• Only Current Assets and Current Liabilities are shown in the statement showing
• Last year’s proposed dividend has been paid during the current year and hence will be shown as________