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 Related Questions on Theory Base of Accounting Q24.Interest A/c is (1) Real A/c (2) Nominal A/c (3) None of these (4) Personal A/c Answer … Read more
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 Related Questions on Theory Base of Accounting Q23.Working Capital is (1) Current Assets + Current Liabilities (2) Current Assets – Current Liabilities (3) None of these (4) Current Assets … Read more
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 … Read more
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 … Read more
Q19.Among the following assets, which one is fictitious asset? (1) Goodwill (2) Debit balance of Profit &loss A/c (3)(b) Oil wells (4) Patents Answer Debit balance of Profit &loss A/c Related Questions on Theory Base of Accounting Q20.Goods means : (1) Commodity to be used as an asset (2) Commodity to be bought and sold … Read more