A. Expense
B. Liability
C. financial assets
D. All of them
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37
Cash discount is provided on _______________?
0
Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?
A. Purchases
B. Prompt payment
C. Sales
D. Sales return
1
The systems of accounting are _____________?
A. Error of principle
B. Error of commission
C. Error of omission
D. Error of duplication
1
The unsold goods are ______________?
A. Two
B. Three
C. Five
D. Six
(more…)
0
Debts which are payable in the course of a month are called _____________?
A. Equity
B. Sale return
C. Inventory
D. Purchases
0
Income earned but not received is called ____________?
A. External liabilities
B. Fixed liabilities
C. Current liabilities
D. Liquid Liabilities
3
The assets which come into existence upon the happening of a certain event are called__________?
A. Fictitious assets
B. Quick asset
C. Real asset
D. Outstanding asset
0
The assets which have some market value are called ____________?
A. Contingent assets
B. Fixed assets
C. Fictitious assets
D. Quick assets
0
Assets having physical existence are called ___________?
A. Fixed asset
B. Quick asset
C. Fictitious assets
D. Real assets
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