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      Question

      Depreciation is charged on __________ as per the

      ___________ of accounting.
      A Capital Receipts, accrual concept Correct Answer Incorrect Answer
      B Capital Expenditures, matching concept Correct Answer Incorrect Answer
      C Revenue Receipts, prudence concept Correct Answer Incorrect Answer
      D Revenue Expenditure, going concern concept Correct Answer Incorrect Answer
      E Revenue expense, business entity concept Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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