Recent questions and answers in Accountancy

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Maker of the bill is also known as _____ (a) Bill Receivable (b) Drawer (c) Drawee (d) Reserve

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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A bill of dated on 1st January, 2023 is payable three months after date.The maturity date of the bill will be

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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Under straight line method of charging depreciation, the amount of depreciation charged every year

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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______ is not a cause of depreciation. (a) Obsolescence (b) Wear & Tear (c) Fluctuation in Prices (d) Efflux of time

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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A new machine was imported by Rahul Ltd. from Japan for ₹ 9,00,000 on 1 st April, 2021 and 20% p.a. depreciation is charged as per written down value method.

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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On 1st October, 2021 X Ltd. purchased a building costing ₹ 6,00,000. Depreciation is to be charged @10% p.a. by straight line method. What amount of depreciation will be charged for the year ending March 31, 2023?

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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For charging depreciation on an asset (a) Installation charges are deducted and scrap value is added to the cost.

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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Depreciation will be charged on which of the following?

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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Sale of goods is a (a) Revenue receipt (b) Capital receipt (c) Deferred revenue expenditure (d) Revenue expenditure

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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An amount of ₹10,00,000 spent on purchasing a building is

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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Expenditure of revenue nature which gives benefit for more than one accounting period is classified as

answered Jul 16, 2023 in Accountancy by abhinav (17.5k points)

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