Multiple Choice
Under which of the following concepts are shareholders treated as creditors for the amount they paid on the shares they subscribed to?
A) Cost Concept
B) Duality Concept
C) Business Entity Concept
D) Since the shareholders own the business, they are not treated as creditors
Correct Answer:
Verified
Correct Answer:
Verified
Q29: In which of the following statement opening
Q30: Fixed Assets and Current Assets are categorized
Q31: Gross Profit is the difference between<br>A)Net Sales
Q32: Accounting does not record non- financial transactions
Q33: Under _ system , the buyer gets
Q35: The basic concepts related to P &
Q36: Which of the following is an example
Q37: The properties and possession of a business
Q38: Which of the following concepts assumes that
Q39: X Ltd., purchased goods for ` 5