The term 'Window Dressing' in accounting refers to: MCQ with Answer and Explanation

Explanation:
Depreciation is charged to the Profit and Loss Account but does not involve any cash outflow, making it a non-cash expense. It is also credited to the Provision for Depreciation or Asset account, reducing its book value. Both are correct.

Explanation:
Marginal costing values inventory strictly on variable costs, treating fixed overheads as period costs written off immediately.

Explanation:
If drawings are made evenly throughout the year, average period = 6 months. Interest = 12,000 × 10% × 6/12 = ₹600.