| A. | Capital expenditure |
| B. | Revenue expenditure |
| C. | Deferred revenue expenditure |
| D. | None of the above |
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Option: C Explanation : Click on Discuss to view users comments. |
As per AS - 2, inventory is to be valued at
| A. | Actual cost |
| B. | Sales value |
| C. | Net realisable value |
| D. | The lower of cost, or net realisable value |
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Option: D Explanation : Click on Discuss to view users comments. |
| A. | Acquisition of land, building, machinery etc. |
| B. |
Amount spent on increasing the Sitting accommodation in picture hall.
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| C. |
Expenditure incurred for acquiring the right to carry on a business, for example, patent rights, copyright, goodwill.
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| D. | All of the above |
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Option: D Explanation : Click on Discuss to view users comments. |
| A. | AS - 1 - Disclosure of accounting policies |
| B. | AS - 2 (Revised) - Valuation of inventories |
| C. | AS -3 - Cash Flow Statement |
| D. |
AS - 4 - Contingencies and Events occurring after the Balance Sheet date
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Option: C Explanation : Click on Discuss to view users comments. |
| A. | The depreciation methods used |
| B. |
The total depreciation for the period for each class of assets
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| C. |
The gross amount of each class of depreciable assets and the related accumulated depreciation
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| D. | Depreciated value of the assets |
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Option: D Explanation : Click on Discuss to view users comments. Shalini Gupta said: (8:54am on Thursday 2nd November 2017)
Answer (A)The depreciation methods used
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