Fixed assets are held by business for _____

Related MCQs

• Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
• Any partner who investments in the business but does not take active part in the business is:
• In income measurement & recognisation of assets & liabilities which of the following concepts goes together?
• At the time of dissolution non – cash assets are credited with:
• At the time of dissolution all the assets of firm are transferred to the realization A/c:
• When an asset is acquired on hire purchase system, the asset account is debited with _______ of the assets in the books of the hire purchaser.
• If the firm stops making repayments and the goods or assets are taken away from them as a result, this is known as:
• Under debtors system depreciation on fixed asset is ________
• Under fixed capital methods, profit will be credited to:
• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.