Question : In national income accounting, depreciation refers to the ______.

Option 1: appreciation of currency

Option 2: decline in the value of fixed assets

Option 3: increase in the value of fixed assets

Option 4: increase in the value of inventory

Question : Depreciation is also known as ________________. 

Option 1: Current replacement cost.

Option 2: Replacement of cost of fixed capital.

Option 3: Capital Consumption Allowance.

Option 4: All of the above.

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 : ‘Discount on issue’ is a ………….. and will be ----------- during the life time of the debentures. But till then it will be shown as --------------’ on the Assets side of the Balance Sheet.

Option 1: Revenue loss, debited, amortized expenditure

Option 2: Capital loss, written off, unamortized expenditure 

Option 3: Revenue loss, profit and loss, fixed assets 

Option 4: Capital loss, written off, amortized expenses

Question : ----------------- is a fund earmarked for investment in fixed assets or already invested in fixed assets. An example of a Fixed Assets Fund is a Building Fund & Amount invested in fixed assets during the year is transferred to a Capital Fund.

Option 1: Capital fund

Option 2: Fixed assets fund

Option 3: Endowment Fund

Option 4: None  of the above