1. Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as

2. Which of the following methods of depreciation is not recognized by Income Tax Law?

3. Dividend Equalisation Reserve is :

4. Depreciation charged under diminishing method

5. Following are the causes of Depreciation except

6. Depreciation is Charged on :

7. Following are the causes of Depreciation except

8. Under Reducing Balance Method, depreciation to be charged :

9. What is the rate of charging depreciation under diminishing method?

10. Depreciation helps in determining

11. Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset

12. Depreciation is a process of :

13. According to Companies Act, 1956 Secret Reserves can be created by:

14. An alternative term used for accumulated depreciation expenses?

15. Provision is created by debiting :

16. General Reserves are shown in :

17. The depreciation charged on an asset will be credited to :

18. At the end of the year, Depreciation Account is transferred to :

19. What is depreciation?

20. The loss on sale of an asset is debited to:

21. Which of the following is not a type of reserve