Which of the following statements is correct?
A) Depreciation cannot be provided in case of loss in a financial year
B) Depreciation is a charge against profit
C) Depreciation is provided in the books only when there is profit
D) Depreciation is an appropriation of profit
Correct Answer:
Verified
Q8: The portion of the acquisition cost of
Q9: Which of the following statements is true
Q10: The accounting process of gradually converting the
Q11: Which of the following factors are primarily
Q12: In which of the following methods, the
Q14: Depreciation is calculated on the
A)Cost price of
Q15: Which of the following is an external
Q16: Depreciation is a process of -
A)Valuation of
Q17: Which of the following is not depreciated
A)Building
Q18: Schedule XIV of the Companies Act specifies
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