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Which of the following is a feature of the Double Account System?a)Current assets and liabilities are recorded in Receipts and Expenditure on Capital Account.b)Revenue Account and Net Revenue Account are prepared instead of Profit and Loss Account.c)Depreciation is deducted from the asset's book value.d)Fixed assets are always recorded at their market value.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following is a feature of the Double Account System?a)Current assets and liabilities are recorded in Receipts and Expenditure on Capital Account.b)Revenue Account and Net Revenue Account are prepared instead of Profit and Loss Account.c)Depreciation is deducted from the asset's book value.d)Fixed assets are always recorded at their market value.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is a feature of the Double Account System?a)Current assets and liabilities are recorded in Receipts and Expenditure on Capital Account.b)Revenue Account and Net Revenue Account are prepared instead of Profit and Loss Account.c)Depreciation is deducted from the asset's book value.d)Fixed assets are always recorded at their market value.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Which of the following is a feature of the Double Account System?a)Current assets and liabilities are recorded in Receipts and Expenditure on Capital Account.b)Revenue Account and Net Revenue Account are prepared instead of Profit and Loss Account.c)Depreciation is deducted from the asset's book value.d)Fixed assets are always recorded at their market value.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

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