Excess of asset over liability is called

Related MCQs

• Excess of current asset over current liabilities is known as _________ capital
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• The original cost at which an asset or liability is acquired is known as --------
• The original cost at which an asset or liability is acquired is known as --------
• The process of balancing of an account involves equalization of both sides of the account. If the debit side of an account exceeds the credit side, the difference is put on the credit side. The said balance is (i) A Debit balance (ii) A Credit balance (iii) An expenditure or an Asset (iv) An Income or a Liability
• In non – profit organizations excess of assets over liabilities is called
• Excess of income over expenditure of non trading concern is called _______
• In case of a Club, the excess of expenditure over income is called as
• In not-for-profit organisation, excess of expenditure over income is called : Sol:
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol: