MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Analysing Comparative Statement of Profit and Loss

Fill in the b...

Question

Fill in the blanks with appropriate words in the following sentences.
"The permanent assets lose a portion of their value every year" it is called __________.

Open in App

Solution

Depreciation
Depreciation is a fall in the value of an asset because of usage or with passage of time or with obsolescence or accident.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Fill in the blanks with appropriate words in the following sentences.
The difference between Assets and Liabilities of a Trade is called _________.

Q. Fill in the blank with the most appropriate word.
____ their sister given a present last year?

Fill in the blanks with appropriate words to complete each sentence:

'Kammakara' was a word used for _________.

Fill in the following blanks with suitable words :

(a) Fleming's Rule for the motor effect uses the.......... hand.

(b) A motor contains a kind of switch called a ............which reverses the current every half ..............

Q. Fill in the blanks, an appropriate word(s)
Each simple attribute of an entity type is associated with a value set called ________ of values.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Comparative Financial Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Analysing Comparative Statement of Profit and Loss

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon