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प्रश्न
Correct the following statement and rewrite the statement.
Profit on sale of the asset is credited to an asset account.
उत्तर
Profit on sale of the asset is debited to an asset account.
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संबंधित प्रश्न
Depreciation of fixed capital assets refers to :
(a) Normal wear and tear
(b) Foreseen obsolescence
(c) Normal wear and tear and foreseen obsolescence
(d) Unforeseen obsolescence.
Explain the effect of depreciation of domestic currency on exports.
Which account is credited when depreciation is charged on the asset?
Answer in One Sentence only:
What is depreciation?
Write the word/term/phrase which can substitute the following statement:
A continuous, gradual and permanent reduction in the value of a fixed asset.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Decrease in the value of fixed assets is known as ______
Complete the following sentence:
Gradual and permanent decrease in the value of asset is known as ____________
Complete the following sentence:
Depreciation is derived from a Latin word ______.
What is meant by depreciation?
Depreciation expenses are included in:
What is the consumption of fixed capital called?
Correct the following statement and rewrite the statement.
Depreciation is calculated on all assets.
Correct the following statement and rewrite the statement.
Depreciation provided on assets is debited to an asset accounts
Distinguish between depreciation and capital loss.
