A. Balance Sheet discloses financial position of the business
B. A person who owes to the business is called Debtor
C. Decrease in the value of the asset could decrease the value of a liability
D. Assets are to be shown in the Balance Sheet at the realizable value
A. Variable cost
B. Unit cost
C. Total cost
D. Fixed cost
A. Balance Sheet
B. Profit and Loss A/c
C. Trading A/c
D. None of these
A. Lump sum
B. Prompt
C. Actual
D. None of them
A. Scrap value
B. Residual value
C. Market value
D. Depreciable value
A. Recording
B. Transferring
C. Posting
D. Entry making
A. Crane hours
B. Crane value
C. Truck Mileage
D. Truck value
A. Receipts
B. Payments
C. Income
D. Expense
A. Prime cost
B. Explicit cost
C. Job order cost
D. Conversion cost
A. Capital
B. Absorbed capital
C. Net assets
D. Net working capital
