Question Text
Question 4 :
<table class="wysiwyg-table"><tbody><tr><td>A</td><td></td><td>B</td><td></td></tr><tr><td>1.</td><td>Depreciation </td><td>1.</td><td>Admission of partner</td></tr><tr><td>2.</td><td>Raising goodwill</td><td>2.</td><td>Conservatism</td></tr><tr><td>3.</td><td>Creation of Debenture Redemption Reserve </td><td>3.</td><td>Building</td></tr><tr><td>4.</td><td>Provision for doubtful debts</td><td>4.</td><td>Redemption of Debentures</td></tr></tbody></table>
Question 6 :
The method is specially suited to natural resources (mines, quarries, sand, pits etc.) is said to be ________.
Question 7 :
With reference to manufacturing account, which of the following is not true:
Question 9 :
Process of becoming out of date or obsolete is termed as_____________.
Question 11 :
Profit and loss on Depreciation fund investment fund A/c transferred to __________.
Question 12 :
Original cost of an asset is Rs 1 lacs WDV = Rs. 40,000 sold for Rs. 90,000. What will be the profit on its sale?
Question 14 :
Madan Engineers Ltd. purchased a new office equipment on $1$st January for Rs. $50,000$ on lease basis. The company intends to provide for renewal of lease at the end of $5$ years by setting up depreciation fund which may be invested outside the business which will yield interest at $5\%$. Sinking fund table shows Rs. $0.2309$ invested every year will provide Re. $1$ at the end of $5$ years at $5\%$ interest. How much should be transferred to depreciation fund A/c every year in order to provide for renewal of the plant at the end of $5$ years.<br>