Which of the following does not include under the head “other asset”

Related MCQs

• _________ represents goods sent by head office to the branch or by the branch to the head office but not received by other
• 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
• In the case of joint stock company, goodwill is sown on the asset side under the head
• In the case of joint stock company, goodwill is shown on the asset side under the head.
• When an asset is acquired on hire purchase system, the asset account is debited with _______ of the assets in the books of the hire purchaser.
• Tick the correct match 1. Current Asset 1. Depreciation 2. Nominal A/c 2. Land 3. Non Depreciable Asset 3. Insurance A/c 4. Non Cash Expense 4. Prepaid Rent A/c
• An asset was purchased for Rs.1000000 with the down payment of Rs.200000 and bills accepted for Rs.800000/-. What would be the effect on the total asset and total liabilities in the balance sheet?
• If the asset is sold, the provision for depreciation relating to the asset sold is transferred to:
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• 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