Accounting - Study Mode

[#1781] Premium on issue of debentures is a . . . . . . . .
Correct Answer

(B) capital profit

[#1782] The credit balance in the bank account is:
Correct Answer

(B) a liability

[#1783] Which one of the following statements is not true as per the rule laid down in Garner Vs. Murray:
Correct Answer

(D) A solvent partner having debit balance in his capital account, just before dissolution should bring in sufficient cash to raise his capital to his profit ratio

[#1784] Net worth of a business means:
Correct Answer

(D) total assets - total external liabilities

[#1785] High ratio low profitability' is applicable to:
Correct Answer

(C) Operating ratio