Accounting - Study Mode
[#1396] A company has spent Rs. 20,000 on painting of its building. It should be recorded as
Correct Answer
(A) Revenue expenditure
[#1397] A new partner brings in cash as his share of goodwill, this amount will be distributed among old partners in:
Correct Answer
(D) Sacrifice ratio
[#1398] According to which concept are the owners considered to be different from the business?
Correct Answer
(A) Business entity concept
[#1399] Unaccrued Income is a-
Correct Answer
(B) Liability
[#1400] Amount of security premium may be utilised for
Correct Answer
(D) writing off preliminary expenses