The excess of current assets over current liabilities is called:

Related Mcqs:

An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?

A. Accounting B. Accountancy C. Auditing D. Book Keeping...

Goods Return by the customer are termed as :

A. Purchase return B. Customer return C. Sales return D. Inventory return...

In support of business transaction, any written evidence is called ___________?

A. Discount B. Voucher C. Allowance D. Price...

Building and furniture are called ____________?

A. Current asset B. Fictitious asset C. Tangible asset D. Fixed assets...

For the business, capital is ____________?

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