Question
A company purchased machinery for ₹10,00,000 on 1
April 2021. The machine has a useful life of 5 years, and depreciation is charged using the straight-line method. How should the company present this expense in its financial statements for the year ended 31 March 2022?Solution
The correct answer is D
More Accounts Questions
- The Igla-S Missile system is developed by which country?
The Jal Jeevan Mission was extended until which year with an enhanced outlay?
When was the Competition Commission of India (CCI) established by the Central Government?
Who among the following is the author of “Prithvirajaraso”?
Consider the following statements about inflation:
1. Inflation erodes the purchasing power of money.
2. Cost-push inflation occurs due to...
- The 73rd Constitutional Amendment (1992) fulfilled the obligation under which Article?
- Which virus is responsible for causing Swine Flu?
- Tax rates on higher income groups have been increased resulting in ________.
Deforestation causes:
- Which organization launched the Shuddhi Movement?
