For depreciation on fixed assets, whose accounts are maintained by the head office, the head office

Related MCQs

• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• 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
• When provision for depreciation account is maintained, the amount of depreciation is debited to
• The depreciation of Fixed Assets is converted at rate________________
• Depreciation of fixed assets is an example of:
• Depreciation on fixed assets implies
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• Fixed Assets and Current Assets are categorized as per concept of
• Goods sent by the head office to the branch but not received by the branch before the close of financial year are credited by head office to
• Cash remitted by branch but not received by the head office is debited by the head office to _____