Q21.Current Liabilities is
(1) Debentures
(2) Creditors
(3) None of these
(4) Long-term Loan
Answer
Creditors
Related Questions on Theory Base of Accounting
Q22.Repair charge of office old furniture is
(1) Capital Expense
(2) Revenue Expense
(3) None of these
(4) Both Revenue & Capital Expense
Answer
Revenue Expense
Q23.Working Capital is
(1) Current Assets + Current Liabilities
(2) Current Assets – Current Liabilities
(3) None of these
(4) Current Assets + Fixed Assets
Answer
Current Assets – Current Liabilities