Depletion is a process of

Related MCQs

• Depletion method is more suitable for
• The term ‘depletion’ applies to decrease in value of
• Depletion Method of depreciation is used in:
• Depletion applies to____
• The process of converting foreign – subsidiary financial statements into the home currency is known as------------
• The process of converting foreign subsidiary financial statements into the home currency is known as -------
• The process of recording transactions in a journal is known as _______
• Process of spreading cost 3. Profit and Loss A/c 4. Check arithmetic accuracy 4. Accounting for Fixed Asset
• The process of transfer of entries from day book to ledgers is called _______________
• The process of balancing of an account involves equalization of both sides of the account. If the debit side of an account exceeds the credit side, the difference is put on the credit side. The said balance is (i) A Debit balance (ii) A Credit balance (iii) An expenditure or an Asset (iv) An Income or a Liability