Which of the following is a capital expenditure?
Which of the following is a capital expenditure?
A. Repair of plant and machinery
B. Salary paid to workers
C. Cost of stand by equipment
D. Annual whitewash of the office building
Similar Posts
Journal proper is meant for recording_____________?
Journal proper is meant for recording_____________?
A. Credit purchase of fixed assets
B. Return of goods
C. All such transactions for which no special journal has been kept by the business
D. None of thesePayment of rent expenses is recorded on which side of cash book?
Payment of rent expenses is recorded on which side of cash book?A. Receipts
B. Payments
C. Income
D. ExpenseGoodwill A/c is a/an__________?
Goodwill A/c is a/an__________?
A. Nominal A/c
B. Tangible Asset
C. Intangible Asset
D. Fictitious AssetWhich of the following are current assets of a business?
Which of the following are current assets of a business?i. Income received in advance
ii. Stock
iii. Debtors
iv. Pre-paid expenses
v. Accrued income
A. Both (i) and (iv) above
B. Both (ii) and (iii) above
C. (i),(ii) and (iii) above
D. (ii),(iii),(iv) and (v) aboveThe excess of current assets over current liabilities is called:
The excess of current assets over current liabilities is called:
A. Working Capital
B. Circulating capital
C. Fixed capital
D. Trading capitalWhat is equity?
What is equity?
A. Cash from the business
B. liability of a business
C. Owner’s claim on total assets
D. Owner’s claim on total liabilities