Depreciation Pr...

How secret reserve can be created

To whom does the reserves belong to:

Depreciation arise due to

Which of the following is true relating to Secret reserve:

Which of the following is the normal balance of an accumulated depreciation account

Reserve created for maintaining a stable rate of dividend is termed as

If the amount of any known liability can not be determined with accuracy

Which reserve are created for specific purpose

Name the reserve which has been created out of profit which have been earned in the normal course from day to day activities of the business concern

Which of the following accounting concepts or principles require the calculation of depreciation of the fixed assets

XYZ firm has imported a machine from abroad, which of the following is not the element of machine’s cost

In the calculation of depreciation,  all of the following items are estimates except:

Depreciation amount + Residual value of a fixed asset =

_______ reserve may or may not involve any receipts of cash

Dividend equalization reserve is termed as reserves

Which one is false relating to Depreciation

Which of the following fixed asset is not depreciated in the ordinary circumstance?

Installation, freight and transport expenses are a part of

______ are created in business for rainy day

Which reserve is created out of capital profits

Provision is debited to ____ account

Reserves are important because they help in:

a. meeting the future contingencies

b. strengthening the financial position of the business

c. redemption of liabilities like debentures

d. expansion

Good debt

Provisions are different from reserves as they are

Under which depreciation method the amount of depreciation expenses remain same throughout the useful life of a fixed asset