The main objective of providing depreciation is to??

Accounting Mcqs
BILAL KHATTAK0

A. Calculate the true profit 
B. Show the true financial position in the Balance Sheet 
C. Provide funds for replacement of fixed assets
D. Both A. and
B. above 

Related Mcqs:

  1. Which of the following statements is false ? select the false from below options?
  2. The assets which come into existence upon the happening of a certain event are called__________??
  3. The Balance Sheet gives information regarding the____________??
  4. Which of the following is true with respect to providing depreciation under diminishing balance method??
  5. Which one of the following is NOT considered to be part of planning??
  6. Which of the following is not a financial statement??
  7. Which of the following statements is correct about Trial Balance??
  8. Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be??
  9. If cerebral hemispheres of frog are removed, it will:
  10. Depreciation Account appearing in the Trial Balance is shown in:?

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