Question : Consumption of fixed capital is also known as _____________________.

Option 1: Capital

Option 2: Sales

Option 3: Depreciation

Option 4: All of the above.

Question : Loss in the value of fixed assets due to unforeseen obsolescence is known as ______________________- and due to passage of time is known as _______________. 

Option 1: Depreciation, Capital gain

Option 2: Capital loss, Capital gain

Option 3: Capital loss, depreciation.

Option 4: Depreciation, Depreciation.

Question : The consumption of fixed capital is also known as_______.

Option 1: depreciation

Option 2: net investment

Option 3: appreciation

Option 4: gross investment

Question : Which accounts are opened when the capital are fixed?

Option 1: Only capital account 

Option 2: Only current account 

Option 3: Capital account as well as current account

Option 4: Either capital account or current accounts

Question : Which of the following statement is incorrect?
 

Option 1: Networking capital refers to investment in all the current assets taken together.
 

Option 2: Fixed capital is the money invested in fixed assets
 

Option 3: Working capital refers to that part of total capital which is required for holding current assets.
 

Option 4: None of the above