Accounting - Study Mode
[#1696] Insufficient working capital may result into which combination of the following?
i. Failures to adapt to changes. ii. Enhancement in credit-worthiness of the firm. iii. Reduced availability of trade and cash discounts. iv. Reduced volume of sales.
Correct Answer
(B) i, iii, iv
[#1697] Consider the following statements: Assertion (A): Accounting is the language of business. Reason (R): Accounting provides all information needed by a businessman. Now select your answer:
Correct Answer
(A) Both A and R are true, and R is the correct explanation of A
[#1698] Which of the following companies can adopt "Table A" in place of articles of association:
Correct Answer
(C) Public limited company
[#1699] Cash flow Statement is governed by
Correct Answer
(B) Accounting Standard-3
[#1700] Unexpired discount on discounted bill is
Correct Answer
(B) A liability