A charge created not on specific assets but generally on all assets is known as………….

Related MCQs

• Expenditures in respect of certain types of assets whose usefulness does not expires in the year of their occurrence but generally expires in the near future are called
• The Income created but not yet received is known as:
• A reserve is created but its identity is merged with some other account or group of accounts so that the existence of the reserve is not known:
• The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________
• The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________
• These reserves are created out of revenue profits of the business for a specific purpose:
• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry
• Fixed Assets and Current Assets are categorized as per concept of
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol: