Depreciation decreases____________?

Related Mcqs:

The concept of conservatism will have the effect of______________?

A. Overstatement of Assets B. Understatement of Assets C. Overstatement of Liabilities D. Understatement of Liabilities...

Which of the following error is an error of principle

A. 5,000 received from Sham credited to Ram A/c B. 5,000 incurred on installation of new plant debited to travelling expenses A/c C. 500 paid for wages debited to salary A/c D. 500 being purchase of raw material debited to purchase A/c ` 50...

Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?

A. Cheque issued but not presented B. Cheque issued but dishonoured C. Cheque deposited and credited by bank D. Both A. and B....

If a company has contingent liabilities, they appear in the__________?

A. Balance Sheet B. Directors‘ report C. Notes on account to Balance Sheet D. Chairman‘s report Contingent liabilities are disclosed in the notes to Balance Sheet...

Which of the following is not a financial statement?

A. Profit and Loss Account B. Balance Sheet C. Funds Flow Statement D. Trial Balance...