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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