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
Nominal A/c
Q25.Non-current Assets is
(1) Stock
(2) Building
(3) Prepaid Expense
(4) Debtors
Answer
Building