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 is the primary nitrogenous waste product excreted by humans?
What is an excretory organ of the cockroach?
In the names Mangifera indica (mango), Solanum tuberosum (potato), and Panthera leo (lion), what do the names indica, tuberosum, and leo represent?
Who is regarded as the founder of binomial nomenclature of plants and animals?
Which of the following is the smallest known flowering plant?
Which of the following is a primary symptom of diabetes mellitus?
- Which vitamin enhances iron absorption in the body?
Which disease is characterized by a loss of bone density?
Gastric glands are present in the ______.
Vinegar contains which of the following acids?
