Identify the asset from the following:

Related Mcqs:

Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

A. Cash payments journal B. Cash receipts journal C. Purchases return journal D. General journal...

Which is the most important characteristic that all assets of a business have?

A. Long life of assets B. Value of assets C. Intangible nature of assets D. Future economic benefits...

Cash received for services rendered will______________?

A. Increase cash and liability B. Increase equity and liability C. Increase fixed assets and cash D. Increase cash and equity...

Capital expenses are shown in___________?

A. Balance Sheet B. Profit and Loss A/c C. Trading A/c D. None of these...

Depreciation is calculated on the____________?

A. Cost price of asset B. Market price C. Cost+ Transport+ Installation expenses D. Cost or market values whichever is less...