Accounting - Study Mode
[#1521] Inventory of a manufacturing enterprise includes:
Correct Answer
(D) All the above
[#1522] Cost, salvage and useful life of an asset are Rs. 10,000, Rs. 1,000 and 3 years respectively. The amount of depreciation as per sum of the years digit method for the first year will be
Correct Answer
(B) Rs. 4,500
[#1523] Excess of cost of investment over paid-up value of the shares is considered as
Correct Answer
(A) goodwill
[#1524] Loss caused by theft of cash by cashier during business hours is a loss of
Correct Answer
(A) Revenue nature
[#1525] A company cannot redeem its debentures
Correct Answer
(B) Out of accumulated losses