The properties and possession of a business are termed as ________

Related MCQs

• In order to deal with the re possession the hire vendor operates an account called _______
• Which of the following transactions of a business is/ are recorded in Journal Proper? (i) Purchase of goods on credit (ii) Sale of Office Furniture for cash (iii) Discounting of Bill of Exchange with a bank (iv) Endorsement of a Bill of Exchange in settlement of debt of the business
• Any income or profit derived by carrying on the business or during the course of business is called-
• If an employee of the business files a legal suit on business, it is considered in the books as
• Shares having preferential right as to dividend and repayment of capital are termed as in
• If a part of the issue of share or debenrues is underwritten, it is termed as__________________-
• If a part of the issue of share or debenrues is underwritten, it is termed as__________________-
• The system of keeping incomplete record is termed as
• Withdrawing more amount from bank than the deposit in the account is termed as____
• The excess of assets over liabilities in non-trading concerns is termed as: Sol: