E1E2 Asset Accounting

Fixed asset is an asset not held for

• producing goods
• producing services
• for sales
• for goods and services

BSNL creates---------------for telecom service

• Climate
• Infrastructure
• Environment
• None

Cost of an asset does not include

• Basic price
• Taxes
• Duties
• Local transport

Which is not BSNL asset

• Land
• Building
• Cables
• Rocket

WIP stands for

• Work in progress
• Word in process
• Work in pipeline
• None

Depreciation arises from(tick not applicable)

• use
• effluxion of time
• Obsolescence
• Regulation

For Capitalisation,-------------is required

• Completion Certificate
• Management Certificate
• Credit certificate
• None

Depreciation for Temporary shed is

• Partial
• Two third
• Quarter
• Full

Vehicles are capitalised on its

• sale
• Purchase
• use
• None

Assets of Rs.5000 is depreciated

• Partial
• Full
• half
• quarter