………..liabilities are those which are intended to be paid in the ordinary course of business within a short period.

Related MCQs

• …………….assets are those which in the ordinary course of business can be converted into cash within a short period of time.
• Assets and liabilities in a Balance sheet may be arranged in the order of …..
• An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………
• ……………..means excess of current assets over current liabilities.
• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• ……………….is a statement which lists all the sources of funds and applications of funds taken place in a business during a particular period
• …………..costs are the increase or decrease in total cost that result from producing additional or fewer units or from the adoption of an alternative course of action.
• …………….is the dividend paid to the members of a company during a financial year before the finalization of annual accounts.
• ………are short term , highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value.
• Which of the following is a period cost?