Which of the following is a resource owned by the business with the purpose of using it for generating future profits?

Related MCQs

• A resource owned by the business with purpose of using it for generating future profit, is known as
• These reserves are created out of revenue profits of the business for a specific purpose:
• Which shareholders have a right to receive the arrears of dividend from future profits :
• The business will continue to operate for an indefinitely long period in the future, unless there is a good evidence to the contrary this assumption is related to
• It is generally assumed that the business will not liquidate in the near foreseeable future because of
• These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required:
• Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles:
• Which accounting concept or convention which, in times of rising prices, tends to understate asset values and overstate profits?
• The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called :
• In case of ……………..preference shares, the arrears of dividend are carried forward and paid out of the profits of the subsequent years.