Question 2 :
Which method of depreciation is effective if repairs and maintenance cost of an asset increases as it grows old _________________.

Question 3 :
At the beginning of the year, the value of loose was Rs. 20,000 and during the year Rs. 10,000 worth of tools were purchased and Rs. 2,000 realised by way of sale of scrapped loose tools. At the end of the year, the loose tools considered to be only Rs. 12,000. The amount to be charged to Profit & Loss Account is:

Question 6 :
Which accounting principles is followed in adopting policy of using WDV method of Depreciation year after year ?

Question 8 :
In the absence of specific provision in the partnership deed at what rate salary and remuneration would be paid to the partners __________.

Question 9 :
Assertion: Depreciation amount is added back to net profit for calculating funds from operation in preparing a funds flow statement. Reason: Depreciation is an item of expense but not funds.

Question 11 :
X, Y and Z are partners in a firm.At the time of division of profit for the year there was dispute between the partners.Profits before interest on partner's capital was Rs.15,000 and Y demands interest at 24%p.a. on his loan of Rs.80,000. There was no agreement on this point.Calculate the amount payable to X, Y and Z respectively.

Question 12 :
Depletion method depreciation is normally applied in case of _________ assets.

Question 15 :
When the plant and machinery are in very good condition, depreciation:

Question 16 :
Machinery costing Rs. $20,00,000$ was purchased on 1.4.2012. The installation charges amounting Rs. $5,00,000$ were incurred. The depreciation at $10$% p.a on straight line method for the year ended 31st March, 2013 will be -

Question 17 :
In case of reducing balance method of charging depreciation is charged on the:

Question 18 :
Which method of depreciation is suitable when expenditure on repairs and maintenance increases as the machine grows old?