What are the causes of depreciation?
A) Wear and Tear
B) Obsolescence
C) Expiration of legal rights
D) All of the above
Correct Answer:
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Q16: Machinery purchased on 1 Oct,2016 for 40,000.This
Q17: 1 oct Opening balance=400 units @Rs 20
Q18: 2 oct Opening balance=200 units @Rs 15
Q19: When proprietor withdrew cash from business for
Q20: In trial balance, which accounts with is/are
Q21: When Salary is paid by cheque, which
Q22: What are the two statements prepared for
Q23: Where do we show Gas and Fuel
Q25: What is the formula for calculating depreciation
Q26: 4 oct Opening balance=500 units @Rs 20
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