Question 2

Fill in the correct words :
(i) Depreciation is a decline in the value of ...........
(ii) Installation, freight and transport expenses are a part of ...........
(iii) Provision is a ........... against profit.
(iv) Reserve created for maintaining a stable rate of dividend is termed as...........

Answer

(i) Asset
(ii) Acquisition Cost
(iii) Charge
(iv) Dividend Equalisation Fund

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