Q18.A liability arises because of: (1) Cash transaction (2) Credit transaction (3) Cash and credit transaction (4) None of the options Answer Credit transaction Related Questions on Theory Base of Accounting 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 … Read more
Q17.Appropriations are the transactions that happen between firm and partners in the capacity of ___________ (1) Outsider (2) Partner (3) None of these (4) Either A or B Answer Partner Related Questions on Theory Base of Accounting Q18.A liability arises because of: (1) Cash transaction (2) Credit transaction (3) Cash and credit transaction (4) None … Read more
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 Related Questions on Theory Base of Accounting Q17.Appropriations are the transactions that happen between firm and partners in the capacity of ___________ (1) Outsider (2) Partner (3) … Read more
Q15.Expense on installation of new machinery (1) Capital Loss (2) Capital Expense (3) Revenue Loss (4) Revenue Expense Answer Capital Expense Related Questions on Theory Base of Accounting 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 … Read more
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 … Read more