Question : Loss in the value of fixed assets due to unforeseen obsolescence is known as ______________________- and due to passage of time is known as _______________.
Option 1: Depreciation, Capital gain
Option 2: Capital loss, Capital gain
Option 3: Capital loss, depreciation.
Option 4: Depreciation, Depreciation.
Correct Answer: Capital loss, depreciation.
Solution :
Question : In national income accounting, depreciation refers to the ______.
Question : Depreciation is also known as ________________.
Question : Consumption of fixed capital is also known as _____________________.
Question : ‘Discount on issue’ is a ………….. and will be ----------- during the life time of the debentures. But till then it will be shown as --------------’ on the Assets side of the Balance Sheet.
Question : ----------------- is a fund earmarked for investment in fixed assets or already invested in fixed assets. An example of a Fixed Assets Fund is a Building Fund & Amount invested in fixed assets during the year is transferred to a Capital Fund.
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