Accounting - Study Mode
[#2231] On calls in advance, interest is payable @ . . . . . . . .
Correct Answer
(B) 6%
[#2232] General insurance is a contract of . . . . . . . .
Correct Answer
(B) indemnity
[#2233] The following items are shown in profit and loss appropriation account as . . . . . . . .
Correct Answer
(A) Dividend declared
[#2234] How many sides does an account have?
Correct Answer
(B) Two
[#2235] Legacies are generally:
Correct Answer
(A) capitalized and taken to balance sheet