A. Depreciation
B. Drawings
C. Outflow of cash
D. Appreciation
Author: admin
A. Cash and cash equivalent
B. Creditors
C. Notes payable
D. Bank loan
A. Cash from the business
B. liability of a business
C. Owner’s claim on total assets
D. Owner’s claim on total liabilities
A. Cash
B. Equipment
C. Debtors
D. Creditors
A. Capital+Liabilities=Assets
B. Assets+ liabilities =Capital
C. Capital+assets=liabilities
D. Liabilities+Capital
A. Long life of assets
B. Value of assets
C. Intangible nature of assets
D. Future economic benefits
A. Identifying transactions
B. Preparing “T Accounts”
C. Preparing financial statements
D. Preparing trial balances
A. Present event
B. Future event
C. Past event
D. None of them
A. Possessed
B. Owned
C. Controlled
D. Used
A. Expenses
B. Obligations
C. Creditors
D. Income or gain