The assets that can be converted into cash within a short period (i.e.,l year or less) are known as
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Amount withdrawn by the owner for his personal expenses is called __________ (a) Drawings (b) Personal expenses (c) Cash (d) Assets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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i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit
i. Cash Credit ii. Fixed Deposit
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A person whose assets are less than business liabilities is known as insolvent.
This statement is True. When a person is not able to pay liabilities is called insolvent. Liabilities are greater than assets.
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Overdraft as per Cash Book means debit balance as per Cash Book.
This statement is False. Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance...
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(i) Overdraft as per cash book means debit balance as per cash book.
(i) Normal bank balance as per cash book means debit balance as per cashback. (ii) The Bank column in cashback represents the business’s current account. (iii) The current account is opened by traders for day-to-day...
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State which of the following would result in inflow or outflow or no flow of Cash and Cash Equivalenes (a) Sale of Fixed Assets, Book Value ₹1,00,000
Correct Answer - Inflow ;(a), (b); Outflow:(c),(g); No flow: (d),(e), (f),(h).
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10. Lymph differs from blood in possessing (1) More proteins and less waste products (2) Less proteins and more waste products (3) More proteins and more waste products (4) Less proteins and less waste products
(2) Less proteins and more waste products
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A Stock Exchange is a place where finanacial assets can be converted into cash. It helps in fixing the market value of securities and helps to know th
Correct Answer - (i) the functions referred in above para are: (a) Provide liquidity (b) Helps in price discovery (c) Economic barometer (ii) Other functions of stock exchange are: (a)...
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Which of the following equations are correct ? `{:(I.,"Assets",=,"Capital",+,"Liabilities"),(II.,"Assets",=,"Capital",-,"Liabilities"),(III.,"Assets",
Correct Answer - I, IV, VIII.
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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.
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