In support of business transaction, any written evidence is called ___________?
In support of business transaction, any written evidence is called ___________? A. DiscountB. Voucher C. Allowance D. Price
In support of business transaction, any written evidence is called ___________? A. DiscountB. Voucher C. Allowance D. Price
The concession received on the price of defective goods is called: A. Discount B. Cash discount C. Allowance D. Trading discount
Cash brought by the owner to start business is called__________? A. Capital B. Loan C. Drawing D. None of these
reduction in price is called: A. Paid price B. Invoice price C. Book price D. Discount
Sales return is also known as____________? A. Return received B. Return Payed C. Return inward D. Return outward Return inwards refer to the goods returned to an organization by its customers. They are goods which were sold, but usually, because…
The excess of current assets over current liabilities is called: A. Working Capital B. Circulating capital C. Fixed capital D. Trading capital
Goods return to supplier are known as:__________? A. Merchandise returnB. Purchase return C. Return inwards D. Sales return
Cash discount is provided on _______________? A. Purchases B. Prompt payment C. Sales D. Sales return
The amount invested by the proprietor to start the business is called: A. Capital B. Business C. Drawings D. All of them
Obligation of the Business are known as___________? A. Liabilities B. Revenues C. Expenses D. Assets