Bank overdraft as a short term source of fund is?

Bank overdraft as a short term source of fund is?

A. A current liability B. An overdrawn account C. Grade to a newly opened account D. Repayable after more than a year Correct Answer: Option A – A current liability Explanation An overdraft occurs when money is withdrawn from a bank account and the available...
Bank overdraft as a short term source of fund is?

The duties paid on goods produced locally is?

A. Ad-valorem duty B. excise duty C. export duty D. quota Correct Answer: Option B – excise duty Explanation An excise duty is a type of tax charged on goods produced within the country excise duty is a percentage levied on manufacture, sale, or use of locally...

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