The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is?

A. Depreciation
B. Physical deterioration of the asset
C. Decrease in market value of the asset
D. Valuation of an asset at a point of time

Right Answer: Depreciation

February 22, 2018   Asghar Khan    Accounting  
Total 0 Votes:

Tell us how can we improve this Mcqs?

+ = Verify Human or Spambot ?

Pak Gk © 2021