Question
On purchase of old furniture, the amount of ₹1,000
spent on its repair should be debited to:Solution
When an asset (like old furniture) is purchased and immediately repaired to bring it to usable condition, the repair cost becomes part of the capital cost of the asset. Hence, it should be added to the Furniture account, not expensed as a revenue expenditure.
Select the most appropriate ANTONYM of the given word.
Amalgamate
Select the most appropriate synonym of the given word.
Caustic
Belonging to or occurring in the present
Select the most appropriate meaning of the word marked in bold letters according the context in which it has been used.
He is so garrulous th...
Select the appropriate option to replace the bold word with the adverb of frequency.
He did not admit that his team played badly.
The fear of dogs/rabies
Choose the word that means the same as the given word.
Quandary
Torment
For each of the words below, a contextual usage is provided. Pick the word/phrase from the alternatives that is the most appropriate substitute in the ...
Find the word with the appropriate similar meaning of the word in Italic from the options given:
The tranquil lake was perfect for a peaceful w...
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