Question
A company acquired a machine for ₹12 lakhs with an
expected useful life of 6 years and residual value of ₹1.2 lakh. Using the straight-line method, the company charged full year depreciation even if purchased mid-year. What accounting assumption is violated?Solution
Charging full depreciation without matching it with actual usage violates the matching concept, which requires cost allocation to the period of benefit.
Seed dormancy allows plants to rest.
The test to confirm presence of Sesame oil in Vanaspati in sufficient quantity as per regulations is:
How often should fumigation be done in a seed warehouse to control insects?
Who is considered the Father of Agricultural Engineering in India?
Disorders like Hollow Stem of Cauliflower; Browning of Cauliflower ; Top sickness of Tobacco is caused due to the deficiency of
The bacterial colony is known as:
How much Vitamin A should Fortified Milk contain?
Global rank of India in terms of Vegetable and Fruit Production?
This soil property which impacts nutrient movement to plant roots through mass flow and diffusion?
Diploid Chromosome number of kabuli gram is
