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Recent questions tagged provisions and reserves
+3
votes
1
answer
What is Specific reserve?
asked
Apr 3, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+3
votes
1
answer
M/* Lokesh Fabrics purchased a Textile Machine on April 01. 2001 for Rs. 1,00,000. On July 01, 2002 another
asked
Apr 3, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+3
votes
1
answer
In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to
asked
Apr 1, 2019
in
Class 12
by
kratos
dissolution of partnership firm
depreciation
cbse
class-11
provisions and reserves
financial statements with adjustments
class-12
+1
vote
1
answer
On October 01.2001 Juneja Transport Company purchased 2 trucks for Rs. 10,00,000 eash.
asked
Mar 25, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+2
votes
1
answer
What is Provision?
asked
Mar 22, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+1
vote
1
answer
Ganga Ltd. Purchased a machinery on January 01.2001 for Rs. 5,50,000 And spent Rs. 50,000 on its installation.
asked
Mar 22, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+3
votes
1
answer
Distinguish between provision and reserve.
asked
Mar 21, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+1
vote
1
answer
“UZ” Ltd. Purchased Plant and Machinery from Elk Machinery Ltd. for Rs 6,90,000. Elk Ltd.
asked
Mar 19, 2019
in
Class 12
by
kratos
issue of shares and debentures
depreciation
issue and redemption of debentures
class-11
provisions and reserves
issue of debentures
class-12
company accounts
+3
votes
1
answer
What are provisions? How are they created? Give accounting treatment in case of provision for doubtful Debts.
asked
Mar 18, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+3
votes
1
answer
When was Iraq attacked by America? (a) 11 September 2001 (b) 14 January 1991 (c) 19 March 2003 (d) None of These
asked
Mar 18, 2019
in
Class 12
by
kratos
depreciation
class-11
provisions and reserves
class-12
terrorism
+1
vote
1
answer
What is Capital reserve?
asked
Mar 16, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+2
votes
1
answer
On July 01.2001 Ashwani purchased a machine for Rs. 2,00,000 on credit. Installation expenses Rs. 25,000 are paid by cheque.
asked
Mar 10, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+3
votes
1
answer
A Noida based Construction Company owns 5 cranes and the value of this asset in its books on April 01, 2001 is Rs. 40,00,000.
asked
Mar 9, 2019
in
Class 11
by
kratos
provisions and reserves
class-11
depreciation
+2
votes
1
answer
Vikas, a 16 year old offer to sell their plot in NOIDA to Arshad (aged 24) for Rs. 10 lacs.
asked
Mar 5, 2019
in
Class 12
by
kratos
depreciation
cbse
class-8
class-11
provisions and reserves
financial planning
class-10
constructions
class-12
data handling
+1
vote
1
answer
Gupta Enterprises purchased a ‘Printing Machine’ for Rs. 40,000 on July 1, 2014 and spent Rs. 5,000
asked
Feb 28, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
depreciation accounting
+2
votes
1
answer
Calculate the Rate of Depreciation under Straight Line Method (SLM) from the following: Purchased a second-hand machine for Rs. 96,000,
asked
Feb 25, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+1
vote
1
answer
State any two causes of depreciation.
asked
Feb 24, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+2
votes
1
answer
Give two examples for Capital reserve.
asked
Feb 24, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+3
votes
1
answer
Give four examples each of revenue reserve and capital reserves.
asked
Feb 21, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
+2
votes
1
answer
State any two differences between provisions and reserves.
asked
Feb 21, 2019
in
Class 11
by
kratos
class-11
provisions and reserves
depreciation
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