DEPRECIATION AND RESERVES | MCQ CLASS 11 ACCOUNTANCY

Multiple choice Questions related to Depreciation and reserves State whether the following statements are true or false Depreciation is aa. non-cash expense b. cash expensec. non-cash gain d. cash gain Depreciation is charged ona. fixed assets b. current assets.c. Land d. All of the above Depreciation isa. decline in the market value of tangible fixed … Read more