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.
What according to the passage maybe a solution to the problem of caste prejudices which prevail in the urban areas and institutions?
What was the outcome of the German Revolution in relation to the German federal constitutional monarchy?
Why did the author have to grasp the leg of the man sitting next to him?
Directions (106-107): Choose the word/group of words which is most opposite in meaning to the word/group of words printed in bold as used in the passag...
What, according to the passage was the reason behind less interest in the recent 500 MW power tender?
Choose the correct statement regarding The Pitch Lake.
Synonym of foster
Which paragraph highlights the problems associated with migration?
1) Paragraph 4
2) Paragraph 5
3) Paragraph 6
4) Paragraph 3
5) Paragraph 1
Choose the incorrect statement
Which of the following statements is definitely TRUE according to the passage?
