Accountancy(224) Q.1. Distinguish between accounting and book- keeping. Ans : Bookkeeping Accounting Bookkeeping deals with identifying and recording financial transactions only Accounting refers to the process of summarising, interpreting and…
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What is depreciation? Write the various objectives of providing depreciation. Ans : Depreciation can be defined as a continuing, permanent and gradual decrease in the book value of fixed assets.…
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TMA Questions To Get Answers to these Questions Click Here 1. Answer any one of the following questions in about 40-60 words. (a) Classify the following items of expenditure into…
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