……………..assets are those of a fixed nature and are gradually exhausted and used up in the course of working, such as a mine or quarry.

Related MCQs

• ……………are certain assets which represent capital expenditure which may not have resulted in identifiable profit earning assets and which still remain to be written off.
• A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
• The key function of……………………..is for the board to hold those in charge of making decisions on behalf of the cooperative society accountable for the outcomes of those decisions.
• When heavy expenditure is incurred and the benefits of which extend to periods beyond the date of the balance sheet, such expenditure should be equitably spread over the period during which the benefits of such expenditure would be available and are known as ………………….
• ………………… is a Post Graduate Diploma Course in cooperation of 11 months duration including two months practical training.
• The minimum qualification for education to the HDC course is a …………………
• The minimum qualification for education to the ………………..course is a University Degree.
• In the case of a society with unlimited liability, property statement of members showing the assets and liabilities of each individual member on the date of his admission with full details of the property including the survey number of the lands, is kept in ………………………..
• Interest accrued on investment and loans, Stock in trade in case of trading concerns are known as ……………assets.
• In the case of a society, the working capital of which exceeds twenty thousand rupees, ……………………………..showing receipts and disbursements and the outstanding under various heads from day to dayis maintained.