Outstanding expenditure is a __________ account.
A) Nominal
B) Personnel
C) Real
D) Current
Correct Answer:
Verified
Q12: loose tools are shown in the B/S
Q13: Discount on shares and debentures are shown
Q14: In the case of joint stock company,
Q15: Which of the following item will be
Q16: Which of the following would not appear
Q18: _ deals with the depreciation account.
A)AS4
B)AS6
C)AS10
D)AS13
Q19: According to which concept, proprietor of a
Q20: Net worth of business means
A)Total assets
B)Fixed assets
Q21: The policy of anticipate no profit and
Q22: Capital account is a
A)Fictitious account
B)Personal account
C)Liability account
D)Nominal
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