A. authorized capital B. nominal capital C. issued capital D. owners capital E. working capital Correct Answer: Option E -…
A. omission B. commission C. principle D. compensation E. original entry Correct Answer: Option A - omission
A. current asset B. intangible asset C. tangible asset D. long term liabilities E. current liabilities Correct Answer: Option A…
A. plant and machinery B. prepayment C. preliminary expenses D. investment E. fixtures and fittings Correct Answer: Option C -…
A. the sale proceeds of an old table B. the sale proceeds of shares C. loan refund D. debt recovered…
A. current asset B. fixed asset C. long term liability D. current liability E. tangible asset Correct Answer: Option C…
A. purchases B. profit and losses C. creditors D. sales ledger E. trading account Correct Answer: Option D - sales…
A. profit and loss appropriation account B. interest account C. loan account D. current account E. trading account Correct Answer:…
A. Plant and machinery B. stock C. goodwill D. preliminary expenses E. overdraft Correct Answer: Option E - overdraft
A. land and buildings B. cash at bank C. machinery D. goodwill E. furnitures and fittings Correct Answer: Option B…