Which of the following is not depreciated?
Which of the following is not depreciated?
A. Building
B. Land
C. Plant and Machinery
D. Office equipment
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In a three column cash book_______________does not exist?
In a three column cash book_______________does not exist?
A. Cash column
B. Bank column
C. Petty cash column
D. Discount columnHow many parties are generally found in a Bill of Exchange?
How many parties are generally found in a Bill of Exchange?A. 4
B. 2
C. 3
D. 5Which of the following is a Real A/c?
Which of the following is a Real A/c?
A. Salary A/c
B. Bank A/c
C. Building A/c
D. Goodwill A/cAssets-Liabilities=____________?
Assets-Liabilities=____________?
A. Cash
B. Equity
C. Net income
D. Net expensesWhich of the following is not true with regard to preparation of Profit & Loss Account?
Which of the following is not true with regard to preparation of Profit & Loss Account?A. Profit & Loss Account is prepared for a certain period and hence it is an interim statement
B. Profit & Loss Account does not disclose the effect of non-financial items
C. Net Profits are ascertained on the basis of current costs
D. Net Profits as disclosed by P&L Account is not absoluteWhich of the following enhances the earning capacity of an asset?
Which of the following enhances the earning capacity of an asset?
A. Increase in working capacity of an asset
B. Reduction in operating costs
C. Replacing damaged parts of an asset
D. Both A. and C. aboveEnhancement of earning capacity can be by way of replacement of worn out or damaged parts which retarded the earning capacity and increase in the working capacity increases the earning capacity of the asset.