Download App

Depreciation — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyDepreciation1 Mark
Question
Depreciation is calculated on all assets.
✓

Answer

Depreciation is calculated on fixed assets only.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Correct the following sentences and rewrite them the same." from Depreciation→Depreciation — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Trade discount is recorded in the books of accounts.
→
Profit on sale of the asset is credited to an asset account.
→
To Goods withdrawn by proprietor A/c
Capital A/c……………Dr
(Being goods withdrawn by the proprietor for personal use)
→
Trade discount is calculated after cash discount while calculating discount on purchase or sales.
→
The depreciation account is a Real account.
→
Cash purchases of goods are recorded in the Purchase book.
→
Depreciation is cash expenses.
→
The bank account is a real account.
→
When a cheque is deposited into Bank it is credited to Cashbook.
→
Sundry Debtors A/c……………Dr
To Bad debts A/c
(Being Bad debts written off)
→