Stock is
| A. | Included in the category of fixed assets |
| B. | Part of current assets |
| C. | Intangible |
| D. | Tangible |
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Option: B Explanation : Click on Discuss to view users comments. |
| A. |
Gross and net book values of fixed assets at the beginning and end of an accounting period showing additions, disposals, acquisitions and other movements
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| B. |
Expenditure incurred on account of fixed assets in the course of construction or acquisition
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| C. |
Revalued amount substituted for historical cost of fixed assets, the method adopted to compute the revalued amounts, the nature of any indices used, the year of any appraisal made and whether an external valuer was involved, in case where fixed assets are stated at revalued amounts
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| D. | All of the above |
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Option: D Explanation : Click on Discuss to view users comments. |
| A. | Patents rights |
| B. | Copy rights |
| C. | Competitive benefit and privileges |
| D. | Machinery |
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Option: D Explanation : Click on Discuss to view users comments. |
| A. |
Forests, plantations and similar regenerative natural resources
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| B. |
Wasting assets including material rights, expenditure on the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources
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| C. |
Expenditure on real estate development and livestock
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| D. | None of the above |
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Option: D Explanation : Click on Discuss to view users comments. |
| A. | I and II |
| B. | I and III |
| C. | I, II, and III |
| D. | I, II, III and IV |
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Option: D Explanation : Click on Discuss to view users comments. |
