Accumulated depreciation is an example of
A) An expense
B) an unrecorded revenue
C) a liability
D) a contra account.
Correct Answer:
Verified
Q4: If original cost of an asset is
Q5: Under diminishing balance method,
A)The rate of depreciation
Q6: The term 'depletion' applies to decrease in
Q7: The term amortization applies to decrease in
Q8: For providing depreciation on lease hold property,
Q10: Share application is classified as
A)Real account
B)personal account
C)impersonal
Q11: A newly established company cannot issue shares
Q12: The minimum share application is
A)1% of the
Q13: The difference between subscribed capital and called
Q14: The number of days required from the
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