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

Related Mcqs:

Bookkeeping mainly concerns with which part of accounting process?

A. Analyzing B. Preparing financial statements C. Recording financial information D. Auditing the books of accounts...

Closing stock is generally valued at______________?

A. Cost Price B. Market Price C. Cost price or Market price whichever is higher D. Cost price or Market price whichever is lower...

Expenses of the following nature are treated as a Revenue expenses except__________?

A. Expenses for day to day running of the business B. Putting the new asset in working condition C. Depreciation D. Purchase of raw material...

If actual bad debts are more than the provision for bad debts, then there will be a_____________?

A. Credit balance of Provision for Bad Debts Account B. Debit balance of Provision for Bad Debts Account C. Debit balance of Bad Debts Account D. Debit balance of Discount on Debtors Account...

LIFO stands for__________?

A.  Lots in , Few out B.  Link input, Format Output C.  Last input, First Output D.  Last in, First Out...