Current assets does not include :

Related MCQs

• Fixed Assets and Current Assets are categorized as per concept of
• In case of depreciable assets are revalued, the provision for depreciation is based on
• Which financial statement represents the a ccounting equation as – Assets = Liabilities + Owner’s equity?
• Which financial statement represents the accounting equation “assets = liabilities + owners’ equity”
• Assets acquired for long use in the business are called ………………….
• Assets acquired for short term use in the business are called……………..
• Assets which get exhausted to the extent of extraction are called ……….
• Users of accounting information include ………………………
• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• Accounting does not record non-financial transactions because of