Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
    Match the following  
    List I List II
    A. Straight line method 1. \[1-\sqrt{\frac{Residual\text{ }Value}{Cost\,of\,asset}}\times 100\]
    B. Diminishing method 2. \[\frac{n(n+1)}{2}\]
    C. Sum of years digit method 3. Depreciable amount \[\times \frac{Production\text{ }during\,the\text{ }period}{Estimated\text{ }total\,Production}\]
    D. Production units method 4. \[\frac{Cost\text{ }of\text{ }asset-Scrap\text{ }value}{Useful\text{ }life}\]
    Codes

    A)                                  A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3   

    B)  A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1

    C)  A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2

    D)  A\[\to \]1, B\[\to \]4, C\[\to \]2, D\[\to \]3  

    Correct Answer: A


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