The gross decrease in economic benefits for the business are what?

Related Mcqs:

________ is a separate legal entity that Total capital can be divided in many shares.

A. Partnership B. Sole proprietorship C. Company D. Non-profit organization...

Which of the following is the practical implementation of the accounting equation?

A. Cash flow statement B. Income statement C. Statement of changes in equity D. Statement of financial position...

Debit side of Bank Pass book corresponds to___________?

A. Credit side of Cash Book B. Debit side of Cash Book C. Debit side of Trial Balance D. Credit side of Balance Sheet...

Outstanding salaries is shown as___________?

A. An Asset in the Balance Sheet B. A Liability C. By adjusting it in the P & L A/c D. Both B. and C. above...

Which of these is not an operating income?

A. Income from sale of trading goods B. Bad debts recovered C. Interest on FDs D. None...