Interest accrued on investment and loans, Stock in trade in case of trading concerns are known as ……………assets.

Related MCQs

• In the case of non trading societies such as Co-operative Education Societies, hospital, societies and similar other types of societies, which do not undertake trading activities, it is common to term the “Profit and Loss Account” as…………..
• Interest accrued up to the date of balance sheet are known as ………………..
• In the case of issuing loans, …………………………., showing the number and date of disbursement of each loan issued to members the amount of loan, the purpose for which it is granted and the date or dates of repayment, distinguishing principal and interest
• ……………are certain assets which represent capital expenditure which may not have resulted in identifiable profit earning assets and which still remain to be written off.
• Valuation of stock in trade is at ……………………….
• ………………..through motivation concerns the people side of the organization.
• In the case of a society with unlimited liability, property statement of members showing the assets and liabilities of each individual member on the date of his admission with full details of the property including the survey number of the lands, is kept in ………………………..
• ……………..assets are those of a fixed nature and are gradually exhausted and used up in the course of working, such as a mine or quarry.
• A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
• Cost of goods purchased, Net sale proceeds, Value of closing stock are shown in……………….