Capital of a business decreases if there is an increase in___________?

Related Mcqs:

Which of the following is a type of cash receipt journal + cash payment journal?

A. Bank statement B. Statement of cash flow C. Cash book D. Cash documents...

Discount allowed is___________?

A. Expense of business B. Income of business C. Loss of business D. Abnormal loss of business...

Which of the following is a Real A/c?

A. Salary A/c B. Bank A/c C. Building A/c D. Goodwill A/c...

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...

Which of the following relationships is/are false?

A. Net Profit = Gross Profit – Administration and Other expenses B. Net Profit = Gross Profit + Administration expenses and Other expenses C. Opening Stock + Purchases – Closing Stock = Cost of Sales D. Both B. and C. above...