Heavy advertisement expenditure to launch a new product, whose benefit will last for 3-5 years, is an example of: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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The term 'Depletion' is used for:
Correct Answer: Option B
Explanation:
Depletion refers to the exhaustion of natural resources like oil, minerals, timber.
Depletion refers to the exhaustion of natural resources like oil, minerals, timber.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The objective of 'Financial Statements' is to provide information about:
Correct Answer: Option C
Explanation:
Financial statements present the financial position, performance, and cash flows of an entity.
Financial statements present the financial position, performance, and cash flows of an entity.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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A company's 'Fixed Overhead Capacity Variance' is ₹10,000 (Adverse). This means:
Correct Answer: Option D
Explanation:
Capacity variance indicates under/over utilisation of plant capacity; adverse means actual hours < budgeted hours.
Capacity variance indicates under/over utilisation of plant capacity; adverse means actual hours < budgeted hours.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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