Q12.Under this method, only 1 account i.e. partner`s capital account is maintained. This method is :
(1) Floating
(2) .Normal
(3) Fluctuating
(4) Fixed
Answer
Fluctuating
Related Questions on Theory Base of Accounting
Q13.Arun is a Book-seller, which item will be goods for his business ?
(1) Purchase of Fan
(2) Purchase of Computer
(3) Purchase of Stationery
(4) Purchase of Furniture
Answer
Purchase of Stationery
Q14.Current Assets is
(1) Building
(2) Land
(3) Stock
(4) Machinery
Answer
Stock