Which of following best describes the increase in equity expands___________?

A. 1981
B. 1881
C. 1871
D. 2001

Depreciation decreases____________?

A. Liabilities
B. Cash
C. Bank
D. Capital

he term 2/10-n/30 implies that ______ % discount will be given if the payment is made within days or full amount is receivable within 30 days?

A. 2,10
B. 10,2
C. 10,30
D. 3,15

A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car?

A. Loss of 20,000
B. Loss of 22,000
C. Loss of 11,000
D. Profit of 11,000

Which of the following methods is not a practical way of realizing revenue?

A. Delivery method
B. Percentage-of-completion method
C. Production method
D. Moving average method

D. The following methods are the practical ways of realizing revenue applying the conservatism concept and realization concept and the A. Delivery method in case of sale of goods, B. Percentage-of-completion method in case of rendering of services and C. Production method in case of agriculture produce. Thus, these are the various ways of recognizing revenue and the methods adopted to recognize revenue. Moving average method D. is the method of valuing inventory and it is not the method adopted to recognize revenue. Thus, D. is the correct answer.