6. 7. Which bill is drawn and accepted in the same country? (a) Trade Bill 6) Foreign Bill (e) Inland Bill (a) Accommodation Bill Which of the following is not a method of depreciation? (a) Revaluation (b) Reducing balance (e) Replacement method (d) Straight line 8. In Straight line method of depreciation, which is excluded? (a) Useful life of the assets (b) Cost of the assets (C) Annual cost of repairs (d) Expected salvage value 9. What should be added in closing capital for calculating opening capital? (a) Loss and drawing (6) Profit and drawing (e) Profit only (d) Los only 10. Single entry systems are maintained by (a) Company (b) Income tax authorities (e) Government (d) Sole trader