Recording of Fixed Assets at cost ensures adherence of

Related MCQs

• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry
• Fixed Assets and Current Assets are categorized as per concept of
• The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is
• The cost of a Fixed Assets of a business has to be written off over its
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________
• The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________
• A charge created not on specific assets but generally on all assets is known as………….
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol: