Accounting - Practice Test

(A) Excess of total assets over total liabilities

(B) Excess of current assets over current liabilities

(C) Aggregate current assets of the firm

(D) Excess of total assets over total current liabilities

(B) Excess of current assets over current liabilities

(A) Increases

(B) Reduces

(C) Remains unaffected

(D) None of these

(C) Remains unaffected

(A) (A) is correct, but (R) is incorrect

(B) Both (A) and (R) are correct

(C) (A) is incorrect, but (R) is correct

(D) Both (A) and (R) are incorrect

(C) (A) is incorrect, but (R) is correct

(A) a change in current assets

(B) application of funds

(C) increase in working capital

(D) source of funds

(D) source of funds

(A) Salary of Managing Director

(B) Depreciation

(C) Advertisement expenditure

(D) Interest on loan

(A) Salary of Managing Director

Accounting - Study Mode