________ is the gross inflow of economic benefits?

Related Mcqs:

An asset must be _______ by the business to be shown as an asset in its “balance sheet”

A. Possessed B. Owned C. Controlled D. Used...

Which of following best describes the increase in equity expands___________?

A. Business operations B. cash outflows C. Inflows of cash D. Appropriation expenses...

Which of the following is true?

A. Error of casting affects personal accounts B. Omission of a transaction from a subsidiary record affects only one account C. Error of carry forward affects two accounts D. Error of principle involves an incorrect allocation of expenditure or receipt between capital and revenue...

Which of the following is an item of capital expenditure?

A. Research and development costs during the year B. Interest on borrowed fund utilized for acquisition of Office Furniture C. Installation charges paid in conjunction with the purchase of Office Equipment D. Monthly rent of a machinery used in the business...

Benefits of preparing Bank Reconciliation Statement includes___________?

A. It bring out any errors committed in preparation of Cash book / Bank Pass Book B. Highlights under delay in clearance of cheques deposited but not credited C. Help know actual bank balance D. All the three...