Question

QI B State whether the following statements are True or False.

1. Deprecation is charged on fixed assets

2. Goodwill is intangible assets

3. Single Entry system is not useful for large organisation

4. Rectification entries are passed in Cash Book

5. Joumal is a book of secondary entry-​

Answer 1

Answer:

1.T

2.T

3.T

4.f

5.F....