Which of the following is a liability of a firm?

Related MCQs

• In which case, liability arises from both open and firm underwriting
• Which of the following is a current liability
• Which of the following is not a contingent liability?
• Which of the following statements is/are true? (i) An error in casting the subsidiary books is an error of commission (ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors (iii) Mistake in transferring the balance of an account to the Trial Balance will not affect the agreement of the Trial Balance (iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a Trial Balance
• Which of the following is a current liability?
• Which of the following is not a contingent liability?
• The following is not a type of liability
• The original cost at which an asset or liability is acquired is known as --------
• The company in which the liability of members is liable to pay the agreed amount at the time of winding up is called as …………..
• An item which may or may not be the liability of the company due to happening of certain event is…………