Fixed Assets and Current Assets are categorized as per concept 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
• Name the principle involved in the classification of Assets as Fixed and Current
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• The following statement stands true when intangible assets are compared to the current assets Sol:
• In cash flows, when a firm invests in fixed assets and short-term financial investments results in
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• The depreciation of Fixed Assets is converted at rate________________
• The fixed assets of an insurance company are shown in
• Fixed assets purchased on hire purchased on hire purchase terms are recorded at