Q14.Current Assets is
(1) Building
(2) Land
(3) Stock
(4) Machinery
Answer
Stock
Related Questions on Theory Base of Accounting
Q15.Expense on installation of new machinery
(1) Capital Loss
(2) Capital Expense
(3) Revenue Loss
(4) Revenue Expense
Answer
Capital Expense
Q16.Is given to businessman when clear his payment before certain period ?
(1) Special Discount
(2) Cash Discount
(3) None of these
(4) Trade Discount
Answer
Cash Discount