MCQs: The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?
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MCQs: Which of the following factors are primarily considered to determine the economic life of an asset?
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MCQs: In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life?
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MCQs: Which of the following statements is correct about Depreciation?
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MCQs: Depreciation is calculated on the____________?
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MCQs: Which of the following is an external cause of depreciation?
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MCQs: Which of the following is not depreciated?
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MCQs: ____________is also known as Appraisal system of depreciation?
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MCQs: Bad debts recovered account will be transferred to______________?
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MCQs: The entry for creating a Provision for bad debts is_____________?
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MCQs: When a person purchasing goods on credit he becomes a_________in the books of the seller?
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MCQs: Cost of goods sold excludes___________?
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MCQs: Tax deducted at source A/c appears in___________?
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MCQs: Investment in own share A/c appears in____________?
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MCQs: Payments received in advance from a customer for a contract can be__________?
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MCQs: If a company has contingent liabilities, they appear in the__________?
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MCQs: Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be?
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MCQs: Which of the following is not classified as inventory in the financial statements?
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MCQs: If actual bad debts are more than the provision for bad debts, then there will be a_____________?
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MCQs: The creation of provision for doubtful debts given as an adjustment requires____________?
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