____________ is the amount invested by the owner of a business.
(a) Cash
(b) Money
(c) Asset
(d) Capital
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i. The owner is the sole manager and decisionmaker of his business. ii. The senior-most family member of Joint Hindu Family Business.
i. Sole Trader ii. Karta iii. Co-parceners iv. Joint Stock company v. Partners
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Goodwill is - (A) Tangible asset (B) Intangible asset (C) Current asset (D) None of these
Correct option is: (B) Intangible asset
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Discount on issue of debentures is :- (A) Fixed Asset (B) Current Asset (C) Real Asset (D) Fictitious Asset
Correct option is: (D) Fictitious Asset
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Money value of the reputation of business is known as ____________ (a) Copyright (b) Goodwill (c) Patents (d) Trademark
Correct option is (b) Goodwill
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Amount withdrawn by the owner for his personal expenses is called __________ (a) Drawings (b) Personal expenses (c) Cash (d) Assets
Correct option is (a) Drawings
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Depreciation = cost of Asset (-)........./Estimatedlif of Asset
Correct option is (b) Scrap value
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Naresh invested a certain amount of money in Rs. 100 shares at a discount of Rs. 20 paying a dividend of 7%, while Sahil invested an equal amount in R
Correct Answer - Sahil
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(i) Secretary is ____________ to Directors. (a) owner (b) servant
(i) (b) servant (ii) (b) representative of shareholders (iii) (a) Articles of Association
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M.P. of a saree is ₹ 1500. The shop owner allowed 25% discount, but the customer bargained for 30%.So, the shop owner allowed 25% and 5% successive di
Correct Answer - `₹21.25`
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The balance of cash at bank as shown by the Cash Book of Pan & Pan Co. on 31st December,m 2016, was ₹7,500. On checking the entries in the Cash Book w
Correct Answer - Cr. Balance as per Pass Book ₹9,015.
2 Answers 1 views