Short term Assets expected to be converted into cash within 1 year or less than?

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...

Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation?

A. Added, Reduced B. Added, Added C. Deducted, Added D. Deducted, Deducted...

Bank reconciliation is a statement prepared to reconcile__________?

A. Trial balance B. Cash book C. Bank A/c D. Cash as per cash book with bank balance as per bank pass book...

Which of the following is not classified as inventory in the financial statements?

A. Finished goods B. Work-in-process C. Stores and spares D. Advance payments made to suppliers for raw materials...

Net sales equals, sales minus:

A. Return outwords B. Return inwards C. cost of goods sold D. carriage on sales...