Building and furniture are called ____________?

Related Mcqs:

1. SALE of old furniture” will be recorded in which of the following specialised journals?

   A. Purchase journal
   B. Sales journal
   C. General journal
   D. Cash receipt journal

2. Building account is classified as _________ account?

   A. Nominal
   B. Real
   C. Cash
   D. Capital

3. Which of the following accounts will be credited if a company purchases building for cash?

   A. Capital account
   B. Fixed assets account
   C. Building account
   D. Cash account

4. The assets which have some market value are called ____________?

   A. Fixed asset
   B. Quick asset
   C. Fictitious assets
   D. Real assets

5. Income earned but not received is called ____________?

   A. Fictitious assets
   B. Quick asset
   C. Real asset
   D. Outstanding asset

6. For the business, capital is ____________?

   A. Expense
   B. Liability
   C. financial assets
   D. All of them

7. The excess of current assets over current liabilities is called:

   A. Working Capital
   B. Circulating capital
   C. Fixed capital
   D. Trading capital

8. In support of business transaction, any written evidence is called ___________?

   A. Discount
   B. Voucher
   C. Allowance
   D. Price

9. When owner withdraw cash for its private use, it is called ___________?

   A. Profit
   B. Income
   C. Expense
   D. Drawing

10. Debts which are payable in the course of a month are called _____________?

    A. External liabilities
    B. Fixed liabilities
    C. Current liabilities
    D. Liquid Liabilities