Engineering Economics What is a secondary book of accounts, the information of which is obtained from the journal is called? Worksheet Balanced sheet Trial balance Ledger Worksheet Balanced sheet Trial balance Ledger ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Cash money and credit necessary to establish and operate an enterprise are generally called ______. Funds Liabilities Assets Capital Funds Liabilities Assets Capital ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities. Sole proprietorship Partnership Entrepreneurship Corporation Sole proprietorship Partnership Entrepreneurship Corporation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller. Fixed percentage of gross income or the net taxable income 50% of the fixed percentage of gross income or 50% of the net taxable income Fixed percentage of gross income or 50% of the net taxable income 50% of the fixed percentage of gross income or the net taxable income Fixed percentage of gross income or the net taxable income 50% of the fixed percentage of gross income or 50% of the net taxable income Fixed percentage of gross income or 50% of the net taxable income 50% of the fixed percentage of gross income or the net taxable income ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Unit method and percentage method Discrete method and depletion allowance method Conservative method and conventional method Rational method and irrational method Unit method and percentage method Discrete method and depletion allowance method Conservative method and conventional method Rational method and irrational method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the reduction or fall of the value of an asset due to constant use and passage of time? Deflation Depreciation Depletion Inflation Deflation Depreciation Depletion Inflation ANSWER DOWNLOAD EXAMIANS APP
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