Question
On purchase of old furniture, the amount of ₹1,000
spent on its repair should be debited to:Solution
When an asset (like old furniture) is purchased and immediately repaired to bring it to usable condition, the repair cost becomes part of the capital cost of the asset. Hence, it should be added to the Furniture account, not expensed as a revenue expenditure.
Which type of cotton is more susceptible to the "Red leaf disorder"?
Which one of the following statement/ option is correct about the crop rotation?
Which Indian solar park holds the record for being the largest solar park in the world as of 2022?
Which type of insect infests stored grains by laying eggs inside or on the surface of grains?
Best nitrogenous fertilizer for rice crop is:
The most commonly used method of depreciation is
Which nutrient is primarily responsible for the development of bolls in cotton?
The 'equivalent basicity' of the fertilizer Sodium nitrate is:
The Green Manure crop that shows stem nodulation is
Which of the following states belong to the Northern Zone of cotton production in India?
