menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting 2
  4. Exam
    Exam 1: Accounting and Financial Concepts and Principles
  5. Question
    Which of the Following Is Incorrect
Solved

Which of the Following Is Incorrect

Question 9

Question 9

Multiple Choice

Which of the following is incorrect?


A) good will - intangible asset
B) sundry debtors - current asset
C) loose tools - tangible fixed asset
D) outstanding expenses - current asset

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: All revenue incomes are credited to<br>A)manufacturing account<br>B)trading

Q5: Interpretation means<br>A)explanation of meaning and significance of

Q6: _ is root cause for financial accounting<br>A)stewardship

Q7: In income measurement & recognisation of assets

Q8: Dividing the expenditure into capital and revenue

Q10: The process of recording financial data upto

Q11: Profit and loss account is a<br>A)personal account<br>B)real

Q12: Provision for discount on debtors is calculated

Q13: Human resources will not appear in the

Q14: Commission paid is a<br>A)personal account<br>B)real account<br>C)nominal account<br>D)representative

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines