Adjustment and Depreciation
Loss on sale of plant and machinery should be written off against:
Loss on sale of plant and machinery should be written off against Profit and Loss Account (or Statement of Profit and Loss in case of companies).
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Adjustment and Depreciation
The value of asset can be reduced to zero under this method:
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Adjustment and Depreciation
Depreciation is charged on the _______
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Adjustment and Depreciation
As at 31.12.20×2 there are outstanding debtors totaling £12,000. The balance on the provision for doubtful debts account as at 1.1.20×2 is £600. The firm wishes to maintain the provision for doubtful debtors at 4% of outstanding debtors. The correct entry in the account to record this would be:
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Adjustment and Depreciation
Which of the following adjusting double entries is correct for Unearned income?
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Adjustment and Depreciation
Depletion method Is also called _______
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Adjustment and Depreciation
Diminishing balance method of depreciation is also called _______
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Adjustment and Depreciation
Under the straight line method of providing depreciation is:
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Adjustment and Depreciation
Depreciation applies to _______
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Adjustment and Depreciation
Straight line method is also called _______
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