Question
Which of the following is not true about doctrine of
election?Solution
As per the provision of the Section 35 of the Transfer of Property Act, 1882, doctrine of election can be applied in a particular case only when certain conditions are fulfilled. Â "person professes to transfer property which he has no right to transfer" Election over a property is asked to be made to a person only when he holds a proprietary interest which are disposed of by the act of such professed transfer.
Depreciation is charged on __________ as per the ___________ of accounting.
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 For the current period, inappropriate capitalization is most likely to:
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