Question
A company decides not to record a calculator worth Rs.500 as a fixed asset and instead expenses it off. Which accounting concept is being applied?
More Basic Accounting Concepts Questions
- Which of the following Schemes of Government contributed towards Inclusive Growth of India? I- Mahatma Gandhi National Rural Employment Guarantee Act (MGNR...
- Which of the following best describes a Bridge Loan?
- Using the same data, what is the Current Ratio and its credit inference?
- CC limit ₹80 cr. Audit finds ₹25 cr used for purchase of land. Current ratio has fallen from 1.6 to 1.1. What is the most serious inference?
- Equity Multiplier allows the Investors to see: (In DuPont Analysis)
- Using the same balance sheet data (Equity 40, Reserves 20, Term Loan 60, Current Liabilities 40), the bank wants to evaluate the long‑term solvency positio...
- The application of audit procedures to less than 100% of items within a population of audit relevance is:
- Which of the following is not true about nominal capital?
- Bank sacrifice NPV ₹20 cr. Promoter brings only ₹4 cr equity and no personal guarantee. What is the correct stance?
- MTG Ltd wants to buyback its shares. What is the maximum limit up to which it is allowed to buy-back its shares in a year?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
