Accounting - Study Mode
[#376] Assets and liabilities are . . . . . . . . for determination of capital?
Correct Answer
(A) Revaluation
[#377] Net profit + Non cash expenses = ?
Correct Answer
(C) Fund from operation activity
[#378] The current ratio of X limited is 2 : 1 and the quick ratio is 1.5 : 1. If the current liability is Rs. 80,000, then the value of the stock will be-
Correct Answer
(C) Rs. 40,000
[#379] On purchase of old furniture Rs. 8,000 were spent on its repairs. This amount should be debited to
Correct Answer
(B) Furniture account
[#380] The basic concept related to profit and loss account is/are
Correct Answer
(D) Both A and B