Question
Reena bought a new packet of tissues.
In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.Solution
The rules for changing a sentence into passive voice is- (Object) + (auxiliary verb) + (past participle) + (by subject). Hence, the correct answer is-‘A new packet of tissues was bought by Reena’.
Under which condition will no depreciation be charged on a fixed asset during a financial year?
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
A machine costing ₹4,00,000 has a useful life of 5 years with scrap value ₹25,000. The company provides depreciation on WDV at 25% p.a. After 3 year...
Which depreciation method is most suitable for assets like mines, quarries, etc.?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
A machine costing ₹8,00,000 has a salvage value of ₹80,000 after 10 years. The company follows Straight Line Method (SLM). During the 4th year, it s...
Which asset is not eligible for depreciation under the Income Tax Act?
XYZ Ltd. uses Written Down Value (WDV) method for depreciation. It acquires a machine for ₹10 lakhs, has a salvage value of ₹1 lakh and charges 20% ...
A company purchases machinery for ₹50 lakhs with a useful life of 10 years and salvage value of ₹5 lakhs. The company uses straight-line depreciatio...
A plant was purchased for ₹10,00,000. After 4 years, its book value stands at ₹6,56,100 using the diminishing balance method. The annual rate of dep...
