12th class Principle of Accounting chapter 5 short question with answers for ICom part 2 Principle of Accounting Chapter 5

Online Short Questions For Chapter 5 "ICOM Part 2 Principles of Accounting Chapter 5 Short Questions Preparation "

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Principles of Accounting - ICOM Part 2 Principles of Accounting Chapter 5 Short Questions Preparation

Question # 1

What are intangible assets?

  • Ans 1: Assets which have no physical existence and which can not be seen touched but can be felt are called intangible assets.
    Example:Goodwill.trade mark etc
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Prepare Complete Set Wise Questions For Chapter 5 "ICOM Part 2 Principles of Accounting Chapter 5 Short Questions Preparation "

ICOM Part 2 Principles of Accounting Chapter 5 Short Questions Preparation - Set 1

Question # 1

What are intangible assets?

  • Ans 1: Assets which have no physical existence and which can not be seen touched but can be felt are called intangible assets.
    Example:Goodwill.trade mark etc
Submit

ICOM Part 2 Principles of Accounting Chapter 5 Short Questions Preparation - Set 2

Question # 1

Write other names of reducing balance sheet.

  • Ans 1: Reducing balance method is a method under which the depreciation of an assets to calculated on the book value of asset ,It is also known as diminishing balance method or book value method,In this method the price of an asset changes every year or decrease every year.
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12th Principles of Accounting Chapter 5 Test

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