Assets-Liabilities=____________?

Related Mcqs:

Which of the following is the external user of financial statements?

A. Manager of the business B. CEO of the business C. Creditor of the business D. Controller of the business...

The process of recording transactions in different journals is called_________?

A. Posting B. Entry making C. Adjusting D. Journalizing...

Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?

A. Replacement cost – Accumulated Depreciation B. Historical cost – Salvage Value C. Historical cost – Depreciation portion thereof D. Original cost adjusted for general price-level changes...

Which of the following are current assets of a business?

i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income A. Both (i) and (iv) above B. Both (ii) and (iii) above C. (i),(ii) and (iii) above D. (ii),(iii),(iv) and (v) above...

One of the most important tools in cost planning is__________?

A. Direct cost B. Cost Sheet C. Budget D. Marginal Costing....