Assets acquired for long use in the business are called ………………….

Related MCQs

• Assets acquired for short term use in the business are called……………..
• Fixed Assets and Current Assets are categorized as per concept of
• Assets which get exhausted to the extent of extraction are called ……….
• Goods taken from business for personal use by the proprietor should be credited to
• 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”
• Current assets does not include :
• A withdrawal of cash from business by the proprietor should be credited to
• Which one of the following is not the feature of a joint venture business?