Question
Select the most appropriate idiom in the given context
to fill in the sentence. I could make out that the conversation was leading to a fight so I____________.Solution
I could make out that the conversation was leading to a fight so I nipped it in the bud. nip in the bud: to stop something at an early stage cut corners: to do something quickly and not as well as you should make a song and dance: to make something more important than it is so
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
Under AS 6, which of the following cannot be considered a method of depreciation?
A vehicle purchased for ₹8,00,000 has an estimated useful life of 5 years and a residual value of ₹1,00,000. Using the Straight-Line Method, the dep...
There are certain expenses that may be in the nature of revenue but their benefit may not be consumed in the year in which such expenditure has been inc...
Which method of depreciation is NOT recognized by the Companies Act, 2013?
A plant was purchased on 1st April 2021 for ₹5,00,000. Depreciation is charged at 15% p.a. under the WDV method. On 1st October 2023, the plant was so...
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
Under the Written Down Value (WDV) method, depreciation is:
Which of the following is NOT a method of charging depreciation?
Machine cost ₹10L, useful life 5 years, scrap value ₹1L. Using sum-of-years-digits method, depreciation for year 2 = ?
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