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CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
Define reserve. Also state its types with examples.
Asked by Topperlearning User
8th August 2016,
1:16 PM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
Define provision. State its importance.
Asked by Topperlearning User
8th August 2016,
1:00 PM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
‘Provision cannot be used for dividend distribution.’ Why?
Asked by Topperlearning User
8th August 2016,
12:58 PM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
‘Reserve is an appropriation of profit’ Do you agree? If yes, why?
Asked by Topperlearning User
8th August 2016,
12:58 PM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
Distinguish between specific reserve and general reserve.
Asked by Topperlearning User
8th August 2016,
12:58 PM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
Differentiate between provision and reserves.
Asked by Topperlearning User
8th August 2016,
12:58 PM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
Vinod Ltd. purchased a machinery of Rs.3,00,000 on 1st July, 2012 and Rs.3,00,000 on 1st November 2012. A company purchased one more machinery on 1stJanurary 2013 for Rs.2,00,000. A company sold one machinery for Rs.2,10,000 on 31st march 2014 which was purchased on 1st July 2012. Company purchased on second hand machinery on the same date for Rs.1,00,000. Rate of the depreciation is 10% by Straight Line Method and closes it’s accounts on 31st December every year. Prepare Machinery Account, Machinery Disposable Account and Provision for Depreciation A/c.
Asked by Topperlearning User
4th July 2016,
9:00 AM
CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves
Give any two differences between Reserves and Provisions.
Asked by Topperlearning User
4th July 2016,
8:16 AM
