Under which method of depreciation, the value of a fixed asset is reduced uniformly over its useful life?
The method of depreciation in which the value of a fixed asset is reduced uniformly over its useful life is called the Straight-line method of depreciation. Under this method, the cost of the asset is spread out evenly over its useful life, and a fixed amount of depreciation is charged in each accounting period. The formula for calculating depreciation under the straight-line method is as follows: Depreciation expense = (Cost of asset – Salvage value) / Useful life
For which of the following goods, the manufacturer is not allowed to opt for composition scheme:
According to the Insurance Act, who can receive remuneration or reward for soliciting or procuring insurance business in India?
Which type of account is specifically designed for the purpose of encouraging savings among minors in India?
Which accounting standard deals with the recognition, measurement, and presentation of Property, Plant and Equipment?
Which is not a continuous audit technique?
Which of the following taxes will be levied on imports?
What does the management principle, "Principle of Order" developed by Henry Fayol signify?
Which of the following is not a tool of financial statement analysis?
Which of the following is an example of capital expenditure?
Balance as per pass book is Rs. 50,000/-. Rs 5,000/- were directly deposited by a customer into the bank. Then the balance as per cash book is:
