Adjustment and Depreciation

Sinking fund method

Annuity method

Sum of years digits method

None of these

Charge against profit

an appropriation of profits

Charge against reserve

Charge against cash

Asset

Liability

Loss

Capital

Mistakes by the bank can be spotted more easily

Errors made in the ledges can be more easily located

Fraud is harder to achieve

Time is saved on extracting totals for debtors and creditors

Credit

Interests

Provision

Debts

Inventory

Supplies

Machinery

Depreciation

Original cost

On balance amount

On scrap value

None of these

£12,250

£17,500

£5,250

£10,000

Limited seats

Depreciation assets

Unlimited asset

None of these

Gross national Product adjusted for inflation

Gross domestic product adjusted for inflation

Gross domestic product plus net property income from abroad

Gross national product minus depreciation