Multiple Choice
According to which concept, proprietor of a business is treated as a creditors to the extent of his capital
A) Money measurement
B) Cost
C) Dual aspect
D) Business entity
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the following would not appear
Q4: loose tools are shown in the B/S
Q5: The original cost at which an asset
Q6: Depreciation is<br>A)An accounting necessity only<br>B)Tax necessity only<br>C)Tax
Q7: Capital account is a<br>A)Fictitious account<br>B)Personal account<br>C)Liability account<br>D)Nominal
Q9: The process of converting foreign subsidiary financial
Q10: Divisible profit do not include<br>A)Insurance fund<br>B)Reserve fund,<br>C)profit
Q11: Revenue is generally recognized as being earned
Q12: The policy of anticipate no profit and
Q13: Unclaimed dividend is shown in the B/S