What Is The Main Aim Of Providing For Depreciation?


The main objective of providing depreciation is to calculate the true profit and provide funds for replacement of fixed assets.



What is the main aim of providing for depreciation?

The main objective of providing depreciation is to calculate the true profit and provide funds for replacement of fixed assets.


What are the main objectives of management?

Objectives of Management

  • Make Proper Use of The Available Resources.
  • Ensure Business Development and Growth.
  • Quality Products And Services.
  • Availability of Goods and Services.
  • Ensuring Discipline in the Workplace.
  • Attracting the Best Candidates for the Job.
  • Make Futuristic Plans.
  • Reduce the Element of Risks.


What is the main objective of CSS Mcq?

Explanation: CSS is a style sheet language that stands for Cascading Style Sheet and is used to style HTML documents. CSS is mainly designed to separate the presentation and content, including layout, colors, and fonts.


What is a cause and effect question?

The main aim of cause and effect questions is to derive the relationship between two given statements. The relationship that needs to be tested is whether the statements are causally related to each other.


What are the main objectives of material Mcq?

What are the main objective of material management? To procure and provide desired quality materials when required.


What is the objective of classification?

1. The main objective of classification is to eliminate the complexity of collected data-items (figures) and give them a simple and brief form. 2. With the help of classification, the similarty-dissmilarity of facts is clarified.


What is the need for providing depreciation?

Depreciation needs to be provided because an asset is bound to undergo wear and tear over a period of time. This reduces the working capacity and effectiveness of the asset. Hence, this should reflect the value of the asset, at which it is carried in the books of accounts.


Is the objective of cost accounting Mcq?

The main objective of cost accounting is to ascertain the cost of goods and services. The expenses that are incurred while producing goods or rendering services are called costs.


What is the main objective of historians?

Historians are concerned with the continuous, methodical narrative and research of past events as relating to the human race; as well as the study of all history in time. If the individual is concerned with events preceding written history, the individual is a historian of prehistory.


Why is depreciation charged?

Depreciation is charged on fixed assets because these assets are used up or consumed by the business in its operating activities over the useful life of the asset. Fixed assets are the source of cash that flows into the business by generating sales.


What is India's fiscal policy?

Objectives of a Fiscal Policy

The main objective is to achieve and maintain the level of full employment in the country. Also, to stabilize the growth rate in the economy. Also, promote the economic development in a country. In order to maintain the level of balance of payment in the economy.


What is the main aim of commerce?

Commerce involves an exchange of goods and services for profit. The goods may be produced or procured from other sources. The purchase of goods should be to re-sell them. It means that goods should be purchased for trading purposes.


What are the main objectives of ECCE?

Broad objectives of the Early Childhood Care and Education programme are to: Ensure each child is valued, respected, feels safe and secure and develops a positive self-concept. Enable a sound foundation for physical and motor development of each child- as per each child's potential.


What is the main objective of data presentation?

Answer. Discovery and communication are the two objectives of data visualization. In the discovery phase, various types of graphs must be tried to understand the rough and overall information the data are conveying. The communication phase is focused on presenting the discovered information in a summarized form.


What are the main objectives of physical science?

SPECIFIC AIMS OF PHYSICAL SCIENCES

Physical Sciences promotes knowledge and skills in scientific inquiry and problem solving; the construction and application of scientific and technological knowledge; an understanding of the nature of science and its relationships to technology, society and the environment.


What is the main aim of education?

The aim of Education is the acquisition of knowledge, skills and attitudes. It helps to adjust properly in one's own environment. Knowledge helps the man to overcome the nature and satisfy human wants. It links the teacher and taught with social situation.


What is the main objective of automation?

The main objective of process automation is to improve a company's workflows. With automation, we can reduce costs, time, and waste as well as increase productivity, reduce mistakes, and control all the processes of the business in real time.


What do you mean by depreciation Class 12?

Depreciation is a decrease in the book value of fixed assets. Depreciation involves loss of value of assets due to the passage of time and obsolescence.


What is the main objective of depreciation?

The main objective of providing depreciation is to calculate the true profit and provide funds for replacement of fixed assets.


What are the main objectives of Mcq financial?

Solution: The primary goal of the financial management is to maximize the wealth of owners. All businesses aim to maximize their profits, minimize their expenses and maximize their market share.


Dated : 11-Jun-2022

Category : Education

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