In a Balance Sheet, the assets and liabilities are grouped and arranged in a particular order. What is the name used for arranging the Balance Sheet items?

Depreciation is a process of ----.

Reduction in the book value of an asset over a period of time is called -----.

Reserve created for maintaining a stable rate of dividend is termed as ---.

Provision' is a ---- against profit.

In the provision method of depreciation the asset always appears at:

Profit prior to incorporation is an example of:

Process of becoming out of date or obsolete is termed as:

The amount of depreciation charged on machinery will be debited to

Installation charge of machinery is debited to ----- account.

Depletion method of depreciation is used for

Depreciation of a fixed asset is an example of ---.

---- reserve is a reserve which does not appear in balance sheet.

Depreciation is a --- expense.

----- reserve is available for distribution of dividend.

Reserve reserve is created out of ---- profit.

Purpose of provision is to meet a ----.

Profit on sale of fixed asset is a ------ profit.

Capital reserve is created out of ----- profit.

Under diminishing value method, depreciation is calculated on ---.

Decrease in the value of intangible asset is termed as ----.

Depletion method of depreciation is applied on ----- asset.

Depreciation arises due to ----.

Under ------ method, depreciation remains the same from year to year.

Reserve is a --- of profit.

Increase in the value of fixed asset is called ---.

Under --- method, depreciation goes on decreasing from year to year.

Reserve can be classified into ---- reserve and revenue reserve.

Installation charge of machinery is debited to ---.

Depreciation is provided on

Under straight line method, depreciation is calculated on ---.

Profit on sale of machinery is ---.

The amount of depreciation should be accurately estimated and accounted for----.

Under diminishing value method, depreciation is calculated on ---.

Suspense account is opened when ---- does not tally.

If an error is not detected in spite of all efforts and trial balance does not agree then what measure will be taken for the agreement of a trial balance?

A trial balance is prepared

Difference of totals of both debit and credit side of the trial balance is transferred to ---.

A suspense account facilitates the preparation of ------ even when the ------ has not tallied.

Trial Balance will be prepared to ---.

Which of the following will affect the agreement of a trial balance?

--- is the common base for preparing a trial balance.

Agreement of trial balance is affected by:

Cash paid to Neha Rs. 2,000 was not posted to her account. This is an error of ---.

Credit sales to Mohan Rs. 10,000 were posted to his account as Rs. 12,000 this is an error of ---.

Disagreement of trial balance includes which errors?

If transaction is totally omitted from the books, tis called ---?

Failure to differentiate between capital and revenue expenditures so this error is called ---?

Errors which affect one side of an account are called?

An error is counterbalanced by another error is known as -- error.