A. deferred capital B. nominal capital C. working capital D. authorized capital Correct Answer: Option C C. working capital Explanation…
A. nominal account B. personal account C. real account D. fixed assets account Correct Answer: Option C C. real account…
A. balance sheet B. manufacturing account C. trading account D. profit and loss account Correct Answer: Option D D. profit…
A. depreciation of factory equipment B. direct expenses C. direct wages D. carriage on raw materials Correct Answer: Option A…
A. unsecured creditors B. partner's loan and advances C. secured creditors D. partners' capital Correct Answer: Option C C. secured…
A. bases B. techniques C. concepts D. method Correct Answer: Option C C. concepts Explanation Accounting concepts and conventions are…
A. run a charity organization B. pursue a social objective C. form a business for profit D. run a religious…
A. income and expenditure account B. receipts and payments account C. two-column cashbook D. petty cash bok Correct Answer: Option…
A. net book value B. realizable value C. gross value D. revalued amount Correct Answer: Option D D. revalued amount…
A. reproduction B. debugging C. sorting D. retrieving Correct Answer: Option B B. debugging