Long term assets having no physical existence but, possessing a value are called

Related MCQs

• A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated.
• The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as
• Fixed assets are held by business for _____.
• Any written evidence in support of a business transaction is called
• The system of recording based on dual aspect concept is called:
• The transferring of debit and credit items from journal to the respective accounts in the ledger is called as