Capital of a business decreases if there is an increase in___________?

The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________? A. Direct cost B. Variable costC. Commercial cost D. Conversion cost

Liabilities are which of the following? A. Resources B. Obligations C. Future benefits D. Expenses

Which of the following is not an intangible asset? A. Trade mark B. FranchiseC. Accounts Receivable D. Secret Profit An accounts receivable is not an intangible asset. It is the amount that the business has to receive from its debtors. The other assets mentioned in alternatives a, b, and d- trademark, franchises and secret processes…

Which of the following statements is false ? select the false from below options A. Balance Sheet discloses financial position of the business B. A person who owes to the business is called Debtor C. Decrease in the value of the asset could decrease the value of a liabilityD. Assets are to be shown in…

he term 2/10-n/30 implies that ______ % discount will be given if the payment is made within days or full amount is receivable within 30 days? A. 2,10 B. 10,2 C. 10,30 D. 3,15

In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is? i. Debit Bills Receivable Accountii. Debit Drawee‘s Accountiii. Credit Drawee‘s Accountiv. Credit Sales Account A. Only (i) above B. Both (ii) and (iv) aboveC. Both (i) and (iii) above D. Both (i)…