Depreciation does not arise form _______

Related Mcqs:

Which of the following will not lead to creation of secret reserve?

A. Undervaluation of closing stock B. Charging capital expenditure to revenue C. Goods sent on consignment being shown as actual sales D. Charging higher rates of depreciation on fixed assets than actually required...

Which of the following is a revenue reserve?

A. Capital redemption reserve B. Security premium account C. Debenture redemption reserve D. Capital reserve...

If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.

A. two B. fifteen C. five D. ten...

The board of directors shall appoint first auditor of a company

A. With in one month of completion of capital subscription state of the company B. With in one month of the promotion of the company C. With in one month of the commencement of the business of the company D. With in one month of incorporation of the company...

Which of the following does NOT belong in the auditors’ report?

A. Introductory paragraph specifying the pages to which the report relates and the accounting convention adopted B. Basis of the opinion C. Involvement of any specialist D. Statement of responsibilities of directors and auditors...