Accounting - Study Mode

[#721] Which of the following are performing assets?
Correct Answer

(B) Standard asset

[#722] The . . . . . . . . in a ledger helps in locating the accounts contained in it.
Correct Answer

(A) folio

[#723] Accounts receivable includes . . . . . . . .
Correct Answer

(D) all of the above

[#724] Interest on drawings is:
Correct Answer

(C) gain for the business

[#725] . . . . . . . . is a document prepared by the company before the issue of prospectus to the public for subscription of debentures.
Correct Answer

(B) Trust deed