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XA0 XA0 Quiz

Find the answer ? 
Cost of asset

$1,00,000
Life of asset
5 years
Depreciation for each year
$ 5,000
Sale price after 5 years
$50,000
Book value of Asset after 5 years
     ?

Debenture is also named as:

A company declares a cash dividend to be paid to its stockholders next month. The effect of the transaction is to:

The net income calculated in the income statement for the accounting period is reported on:

Which of the following is the most important document of the company?

Authorized share capital is also known as:

Goods purchased from “Mr. A” for $2,000 passed through the sales book. The rectification of error will result in:

Which of the following entry will be recorded when the Bad Debts are recovered?

Which of the following would be deducted from Sundry Debtors in Balance Sheet?

The amount received; in excess of the face value of the shares is transferred to which of the following?

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