Q11.Capital Expense from
(1) Decrease Liabilities
(2) Decrease Asset
(3) None of these
(4) Increase Asset
Answer
Increase Asset
Related Questions on Theory Base of Accounting
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
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