Q20.Goods means :
(1) Commodity to be used as an asset
(2) Commodity to be bought and sold
(3) None of these
(4) Commodity to be bought but not to be sold
Answer
Commodity to be bought and sold
Related Questions on Theory Base of Accounting
Q21.Current Liabilities is
(1) Debentures
(2) Creditors
(3) None of these
(4) Long-term Loan
Answer
Creditors
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