A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant.

Question: A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant.
[A].

current asset

[B].

current liability

[C].

long term debt

[D].

profit

Answer: Option D

Explanation:

No answer description available for this question.

In financial accounting of a chemical plant, which of the following relationship is invalid?

Question: In financial accounting of a chemical plant, which of the following relationship is invalid?
[A].

Assets = equities

[B].

Assets = liabilities + net worth

[C].

Total income = costs + profits

[D].

Assets = capital.

Answer: Option D

Explanation:

No answer description available for this question.

If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent.

Question: If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent.
[A].

10

[B].

20

[C].

>20

[D].

< 20

Answer: Option C

Explanation:

No answer description available for this question.

In declining balance method of depreciation calculation, the

Question: In declining balance method of depreciation calculation, the
[A].

value of the asset decreases linearly with time.

[B].

annual cost of depreciation is same every year.

[C].

annual depreciation is the fixed percentage of the property value at the beginning of the particular year.

[D].

none of these.

Answer: Option C

Explanation:

No answer description available for this question.

A machine has an initial value of Rs. 5000, service life of 5 years and final salvage value of Rs. 1000. The annual depreciation cost by straight line method is Rs.

Question: A machine has an initial value of Rs. 5000, service life of 5 years and final salvage value of Rs. 1000. The annual depreciation cost by straight line method is Rs.
[A].

300

[B].

600

[C].

800

[D].

1000

Answer: Option C

Explanation:

No answer description available for this question.