Accounting - Study Mode
[#2336] The main objective of providing depreciation is to:
Correct Answer
(D) allocate cost of the assets
[#2337] Preparation of trial balance helps in the deduction of . . . . . . . .
Correct Answer
(D) clerical errors
[#2338] Bills receivable account is:
Correct Answer
(B) an asset Account
[#2339] Which one of the following is treated as revenue expenditure?
Correct Answer
(A) Cost incurred for a new exit as required under the local bodies by laws
[#2340] Banks are required to transfer . . . . . . . . of their profits to statutory reserve.
Correct Answer
(B) 25%