Accounting - Study Mode
[#726] An asset is never reduced to zero in the:
Correct Answer
(B) reducing balance method
[#727] An expenditure is treated as capital nature, when:
Correct Answer
(B) it increases the quantity of fixed assets
[#728] If a companies tangible networth is a positive amount, it indicates:
Correct Answer
(C) the solvency of the company
[#729] Which one of the following is capital expenditure?
Correct Answer
(B) Purchase of delivery van
[#730] Following are the events which generally happen in the life of a public limited company 1. Public issue of shares (IPO) 2. Firm Incorporation 3. Preliminary expenditures 4. Issue of equity shares to promoters of the company Choose the correct sequence (chronological order) of the envets from the options given below:
Correct Answer
(D) 3, 2, 4, 1