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.
India is known as the land of
Given below are two statements:
Statement I: Kisan Call Centers are providing agricultural advice and information to the farmers across the coun...
What type of damage is caused by termites (Odontotermes sp.) in Eucalyptus trees?
What is the tag color of certified seed?
An albuminous seed showing hypogeal germination is :
The receptor of gibberellin
The isolation distance for production of loose smut free seeds in wheat is:
The principal photosynthetic pigment in blue-green algae is
Genetic variation in clones arises from:
When pollen from one flower fertilizes another flower on the same plant, it is called:
Relevant for Exams:
