The portion of the acquisition cost of the asset yet to be allocated is known as___________?

Related Mcqs:

Which of the following account with normal balance is shown at the credit side of a trial balance?

A. Cash account B. Bank account C. Equipment account D. Accrued expenses account...

What is equity?

A. Cash from the business B. liability of a business C. Owner’s claim on total assets D. Owner’s claim on total liabilities...

While finalizing the current year‘s accounts, the company realized that an error was made in the calculation of closing stock of the previous year. In the previous year, closing stock was valued more by 50,000. As a result

A. Previous year‘s profit is overstated and current year‘s profit is also overstated. B. Previous year‘s profit is understated and current year‘s profit is overstated. C. Previous year‘s profit is overstated and current year‘s profit is understated. D. There will be no impact on the profit of either the previous year or the current year....

Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?

A. Business entity concept B. Money measurement concept C. Going concern concept D. Matching concept...

Which of these is not an essential feature of a bill of exchange?

A. Unconditional B. Certainty of amount C. In writing D. Amount to be paid in foreign currency...