A. Expense
B. Liability
C. Assets
D. All of them
Related Mcqs:
- Mr. Y and Mr. Z are planning to share their capital to run a business. They are going to employ which of the following type of business??
- Capital of a business decreases if there is an increase in___________??
- If the business’s owner withdraws cash for his/her personal use what will be the effect on capital??
- Introduction capital by owner of business is recorded on which side of a cash book??
- For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which were considered material, were as follows:?
- Which of the following is an one sided error??
- ____________ is a systematic examination of the books and records or a business??
- In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts??
- When owner withdraw cash for its private use, it is called ___________??
- Which of the following are current assets of a business??
