Which of the following may cause depreciation?
Which of the following may cause depreciation?
i. wear and tear
ii. obsolescence and passage of time
iii. fluctuation
i, ii and iii
i and ii
i and iii
ii and iii
iii
Correct answer is B
No explanation has been provided for this answer.
Given: Capital at the beginning...............N20000 Drawings.............................N3000 C...
Cash receipts and payments involving discounts are entered in ...
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received dur...
What is the cardinal rule of the double entry system? ...
In the period of rising prices, which method of stock valuation is most appropriate? ...
The yearly depreciation using the straight line method would be? ...
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The gross profit is ...
Osa started business with Le 40,000 cash. The accounting entry is debit ...
The principal function of a sales ledger control account is to ...