Question
Depreciation is charged on fixed assets to comply with
which of the following accounting principle?Solution
The Matching Principle states that expenses should be recognized in the same period as the revenues they helped to generate. In the case of fixed assets, they are acquired to help generate revenue over a period of time. Thus, their cost should be allocated as an expense over their useful life, rather than being recognized as a one-time expense in the period of purchase.
In each of the following questions which one of the answer figures shall complete the given question figure.
Which answer figure will complete the pattern?
In each of the following questions which one of the answer figures shall complete the given question figure.
Study the given pattern carefully and select the number that can replace the question mark [?] in it?
In each of the following questions which one of the answer figures shall complete the given question figure.
In each of the following questions which one of the answer figures shall complete the given question figure.
If "FURNACE" is coded as 30 and "CANDLE" is coded as 29, how will "HEATER" be coded?
In each of the following questions, select a figure from amongst the four alternatives, which when placed in the blank space of figure (X) would complet...
Select an appropriate figure from the given four options that would replace the question mark ‘?’ in the following figure series.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
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