For the business, capital is ____________?

8 years ago

A. Expense B. Liability C. Assets D. All of them

Building and furniture are called ____________?

8 years ago

A. Current asset B. Fictitious asset C. Tangible asset D. Fixed assets

The concession received on the price of defective goods is called:

8 years ago

A. Discount B. Cash discount C. Allowance D. Trading discount

The excess of current assets over current liabilities is called:

8 years ago

A. Working Capital B. Circulating capital C. Fixed capital D. Trading capital

Goods return to customer are known as:

8 years ago

A. Merchandise return B. Purchase return C. Return inwards D. Sales return

Cash discount is provided on _______________?

8 years ago

A. Purchases B. Prompt payment C. Sales D. Sales return

Obligation of the Business are known as___________?

8 years ago

A. Liabilities B. Revenues C. Expenses D. Assets

Discount received is a/an:

8 years ago

A. Asset B. Expense C. Liability D. Revenue