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Question 1 reset
Depreciation is recorded in __________ side of profit and loss account.
Question 2 reset
Depreciation is a fall in the value of an asset.
Question 3 reset
Depreciation is provided to arrive at the profit earned by the business.
Question 4 reset
Fall in market price is the main cause of depreciation.
Question 5 reset
The value of asset will be reduced to zero under the written down value method of depreciation.
Question 6 reset
The asset being completely written off under the written down value method.
Question 7 reset
The expenditure on repairs and renewal and depreciation on assets are equal in every ye ar under the straight line method of depreciation.
Question 8 reset
The Income and Expenditure account is prepared on the basis of
Question 9 reset
Amount received towards Endowment Fund is
Question 10 reset

Calculate Operating margin if

  • Operating profit = 300
  • Turnover = 1500

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