A. ordinary B. preference C. founder D. treasury Correct Answer: Option A A. ordinary
A. cumulative B. participating C. redeemable D. floating-rate Correct Answer: Option A A. cumulative
A. working capital B. preference capital C. loan capital D. founder's capital Correct Answer: Option A A. working capital
A. suspense account B. expense account C. debtors account D. creditors account Correct Answer: Option C C. debtors account
A. the business has good customer relations B. the business is making huge profit C. a new partner is admitted…
A. debit profit and loss appropriation account, credit current Account B. Debit profit and loss appropriation account, credit capital account…
A. credit sales are entered on debit side of the customer's personal account B. credit purchases are entered on the…
A. trade debtors at the end of the year B. cash sales for the year C. credit sales for the…
A. interest on partners drawings B. partners salaries C. interest on partners capital D. share of profit Correct Answer: Option…
A. an increase in net profit B. a decrease in gross profit C. an increase in gross profit D. a…