When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________.

Related MCQs

• Purchase of fixed asset is classified as------activity
• Fixed assets include premises Rs 10,00,000, Machinery Rs 5,00,000 Furniture Rs 2,00,000 Vehicles Rs 3,00,000 Live stock Rs 1,00,000 Goodwill Rs 2,00,000, Patents & Copy rights Rs 1,50,000, Underwriting commission Rs 50,000 Fixed tangible immovable asset will be :
• Which are not Investing activity? I)Receipts from sale of fixed asset II)Interest received III)Dividend paid IV)Cash Payment to acquire share of other Companies
• The ratio establishes the relationship between profit before interest and tax and fixed interest charges is .
• In the case of financial enterprises, the cash flow resulting from interest and dividend received and interest paid should be classified as cash flow from
• In case of other enterprises cash flow arising from interest paid should be classified as cash flow from ________ while dividends and interest received should be stated as cash flow from ____.
• ___________in accounting, is when the costs to acquire an asset are expensed over the life of that asset rather than in the period it was incurred?
• An example of fixed asset is________.
• The ratio that shows the relationship between fixed asset to share holders fund
• Which of the following statements are true? (a) Marginal costing is not an independent system of costing. (b) In marginal costing all elements of cost are divided into fixed and variable components. (c) In marginal costing fixed costs are treated as product cost. (d) Marginal costing is not a technique of cost analysis.