📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which one of the following statements is not

    correct?
    A Depreciation is a non-cash expense. Correct Answer Incorrect Answer
    B Depreciation is the process of valuation of assets. Correct Answer Incorrect Answer
    C The main cause of depreciation is wear and tear caused by usage. Correct Answer Incorrect Answer
    D Depreciation must be charged so as to ascertain true profit or loss of a business. Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call