Legal charges paid to defend a suit on firm’s factory site is

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• Purchase price of Machine 8,90,000; Freight and Cartage 7,000; Installation charges 30,000; Insurance charges 20,000; Residual value is 40,000; estimated useful life 5 years. The amount of annual depreciation under straight line method will be
• Noting charges are paid by
• The original cost of the machine is 19,00,000; machine installation charges are 1,00,000; working life of the machine is 5 years and residual value is 40,000. If the depreciation is charged on Straight Line basis then 4th year’s depreciation will be:
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
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• Expenses paid but not accrued means
• Till the discounted bill is paid by the acceptor, it remains as
• House Building advance of 2.00 lakh paid to employees. It is a
• Income tax of the sole trade paid is shown
• Petty expenses paid in cash are recorded in: