Select the most appropriate alternatives given below and rewrite the sentence:
i. ________ is excess of assets over liabilities.
(a) Goodwill
(b) Capital
(c) Investments
(d) Drawings
ii. Discount earned is transferred to credit side of _________ account.
(a) Current
(b) Profit and Loss
(c) Trading
(d) Capital
iii. ________ is a statement which shows the financial position of business on a specific date.
(a) Trading Account
(b) Trial Balance
(c) Profit and Loss A/c
(d) Balance Sheet
iv. Outstanding expenses are shown on the _________ side of Balance sheet.
(a) Assets
(b) Liability
(c) Both
(d) None of these
v. Interest on Drawing is credited to _______ Account.
(a) Trading
(b) Profit and Loss
(c) Capital
(d) All