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
Related Questions on Theory Base of Accounting
Q14.Current Assets is
(1) Building
(2) Land
(3) Stock
(4) Machinery
Answer
Stock
Q15.Expense on installation of new machinery
(1) Capital Loss
(2) Capital Expense
(3) Revenue Loss
(4) Revenue Expense
Answer
Capital Expense