1. The loss on sale of an asset is debited to:

2. Provision is created by debiting :

3. Following are the causes of Depreciation except

4. What is the rate of charging depreciation under diminishing method?

5. What is depreciation?

6. Depreciation charged under diminishing method

7. The depreciation charged on an asset will be credited to :

8. According to Companies Act, 1956 Secret Reserves can be created by:

9. Which of the following is not a type of reserve

10. At the end of the year, Depreciation Account is transferred to :

11. Depreciation helps in determining

12. General Reserves are shown in :

13. Following are the causes of Depreciation except

14. Which of the following methods of depreciation is not recognized by Income Tax Law?

15. Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as

16. Depreciation is Charged on :

17. Dividend Equalisation Reserve is :

18. Depreciation is a process of :

19. Under Reducing Balance Method, depreciation to be charged :

20. Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset

21. An alternative term used for accumulated depreciation expenses?