Depreciation is
...Depreciation is
Cost of repairs incurred on a fixed asset
A charge for the wear and tear of fixed assets
The cost incurred on replacing a fixed asset
Provision for loss of fixed asset
Correct answer is B
No explanation has been provided for this answer.
The purpose of profit and loss account is to ascertain ...
The total of the discount from creditors is transferred to ...
What is the total income for the period? ...
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
Which of the following attracts a fixed rate of dividend? ...
The suspense account is used to correct book-keeping error where the ...
The drawings account of a sole proprietorship is transferred to the ...