Question No : 8
A part of the profit distributed to the shareholders is known as
Question No : 9
The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The depreciation amount under Straight Line Method is
Question No : 10
The account which can never have a credit balance is
Question No : 11
The short description of a transaction written at the end of a journal entry is known as _______________.
Question No : 12
The basic unit of measurement of the accounting system is ______________.
Question No : 13
Business ventures, which are started for a predefined period, are known as _____________ventures
Question No : 14
Depreciation is not charged on _______________.