If outside liabilities and owners' equity are added we get………
A) Total Liabilities .
B) Net worth .
C) Shareholders Fund .
D) Gross Block
Correct Answer:
Verified
Q6: Closing Stock lying unsold with the consignee
Q7: Goods lying with the consignee are shown
Q8: Credit balance in Cash Book means-
A)Bank overdraft
Q9: AB are two partners in a firm,
Q10: ` 5,000 paid as local cartage on
Q12: Business expenses excludes…
A)Fire insurance premium of office
Q13: Goods received from other co-venturer is debited
Q14: Which of these is not a function
Q15: Drawee is the person…..
A)Who draw a bill
Q16: Accounting is a/ an -
A)Science .
B)Art .
C)Subject
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