Fixed assets and current assets are categorized as per concept of:

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 ___________.
• The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------
• In internal reconstruction, increase in the value of fixed assets is credited to……….
• Under double account system, fixed assets are shown at…..
• In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.
• The fixed assets of an insurance company are shown in
• Debentures issued with a fixed or a floating charge on the assets of the company are called ‐‐‐‐‐‐‐‐‐‐‐ debentures
• Which of these best explains fixed assets?
• ………………………………………………..method the amount of depreciation expenses remains same throughout the useful life of a fixed assets
• A charge created not on specific assets but generally on all assets is known as………….