Accountancy- II VIVA Questions and Answers 2023-2024

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By CourteousPsaltery

Quiz

Flashcards

13 Questions

What is depreciation?

What are the causes of depreciation?

What is capital?

Why is a balance sheet prepared?

What is the need for depreciation?

What is a non-trading concern?

What is the purpose of preparing an income & expenditure account?

What does a subscription refer to?

What is the retirement of a partner in a business?

What is the main characteristic of a private company?

What is the meaning of goodwill in business?

What is involved in a hire purchase system?

What does the admission of a partner mean in a partnership business?

Description

Prepare for your Accountancy-II VIVA with this set of questions and answers covering topics such as depreciation, its causes, and related formulas. Test your knowledge and be ready for your upcoming VIVA examination.

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