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.
Statements:
All Bottles are Glasses.
All Glasses are Bowls.
Some Cups are Bowls.
Conclusions:
I. Some Cups are Glasse...
- Statements:
All umbrellas are snows.
Only snow is rain.
No cloud is an umbrella.
Conclusions:
I. No snow is a cloud... Statements:
Some plates are spoons.
All spoons are cups.
No cup is a fork.
Conclusions:
I. Some plates are cup...
Statements:All jackets are collars.
All collars are shirts.
All chains are shirts.
Conclusions:I. No collar is chain.
II. So...
Statements:
Some bottles are not cans.
All boxes are drawers.
No can is a box.
Conclusions:
I. Some boxes are no...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement:
At-least some E are F.
A few F are G.
Only a few H are F.
All F are Q.
Conclusion:
I. All G b...
Statements:
Some tigers are lion.
Only a few lion are zebra.
No zebra is bear.
All bears are fox.
Conclusions:
Statements:
No Platter is a Cup.
Only a few Cup are Spoon.
Only a few Plate are Spoon.
Conclusions:
I. All Spoon are ...
Statements: Some printers are monitors.
All monitors are modems.
Some modems are keyboards.
Conclusions: I. Some keyboards are no...
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