Which of the following is not depreciated?

Related Mcqs:

Sales and purchase journal don’t record__________?

A. Credit sales B. Credit purchases C. Credit sales and purchases D. Cash sales and purchases...

Double entry implies that

A. Recording entries in journal B. Recording entries in Ledger account C. Recording two aspects of every transaction D. Recording every transaction in books...

Which of the following statements is correct about Trial Balance?

A. The Trial Balance is prepared after preparing the Profit and Loss Account B. The Trial Balance shows only balances of Assets and Liabilities C. The Trial Balance shows only nominal account balances D. The Trial Balance has no statutory importance from the point of view of law...

Which one of the following is a capital expenditure?

A. Compensation paid to Directors on termination of their services B. Expenditure incurred in connection with the renewal of a Trade Mark. C. Gratuities paid to Directors on termination of their services. D. Royalty paid in installments for the purchase of rights to manufacture and sell patient medicines....

The Bank Reconciliation Statement is prepared?

A. To rectify the mistakes in the Cash Book B. To arrive at the Bank Balance C. To arrive at the Cash Balance D. To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement...