Assets acquired for short term use in the business are called……………..

Related MCQs

• Assets acquired for long 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 :
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
• ……………. are liabilities which become due and payable within a short period.