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WDV stands for

A. Written Down Valuation

B. Write Down Value

C. Written Down Value

D. Writing Down Value

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  1. The short description of a transaction written at the end of a journal entry is known as _______________.
  2. Which of the following equation(s) is(are) true
  3. Copyright is an example of
  4. Transfer to General Reserve is a charge against
  5. Any type of error affects the agreement of Trial Balance.
  6. Capital + Long-term liabilities = Fixed Assets + Current Assets + Cash - Current Liabilities.
  7. WDV stands for
  8. Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
  9. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  10. In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
  11. Goodwill is not a fictitious asset.
  12. Capital of the business is an example of external liability.
  13. All events are transactions but all transactions are not events.
  14. Business ventures, which are started for a predefined period, are known as _____________ventures
  15. Depreciation cannot be provided in case of loss, in a financial year.
  16. Choose the odd one out
  17. If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
  18. Depreciation is not charged on _______________.
  19. The first step of accountancy is
  20. E. & O.E.
  21. Trial Balance is prepared after the preparation of Profit and Loss Account.
  22. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
  23. Wages and Salaries is a charge against
  24. The aggregate of direct material, direct labour and direct expenses is known as
  25. Accrual concept implies accounting on cash basis.
  26. Contingent liability is an ascertained liability but its amount and due date are indeterminate.
  27. An expense incurred to keep the machine in working condition is a capital expenditure.
  28. HUF stands for
  29. A part of the profit distributed to the shareholders is known as
  30. The balance in the Cash Book represents net income.