Assets having physical existence are called ___________?

Related Mcqs:

The amount invested by the proprietor to start the business is called:

A. Capital B. Business C. Drawings D. All of them...

Cash discount is provided on _______________?

A. Purchases B. Prompt payment C. Sales D. Sales return...

For the business, capital is ____________?

A. Expense B. Liability C. Assets D. All of them...

When owner withdraw cash for its private use, it is called ___________?

A. Profit B. Income C. Expense D. Drawing...

Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?

A. Error of principle B. Error of commission C. Error of omission D. Error of duplication...