Computers taken on hire by a business for a period of twelve months should be classified as:___________?

Related Mcqs:

Which of the following account with normal balance is shown at the debit side of a trial balance?

A. Rent income account B. Creditors account C. Unearned income account D. Cash account...

Which of the following is a liability?

A. Cash B. Equipment C. Debtors D. Creditors...

LIFO stands for__________?

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

Tax deducted at source appears in the Balance Sheet

A. On the assets side under current assets B. On the assets side under loans and advances C. On the liabilities side under current liabilities D. On the liabilities side under provisions...

When production is equal to sales, which of the following is TRUE?

A. No change occurs to inventories for either use absorption costing or variable costing methods B. The use of absorption costing produces a higher net income than the use of variable costing C. The use of absorption costing produces a lower net income than the use of variable costing D. The use of absorption costing … When production is equal to sales, which of the following is TRUE?Read More...