The life span of a company is dependent on the life span of the

A. Owner(s) of the company

B. Promoter of the company

C. Managing Director of the company

D. None of the above

You can do it
  1. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  2. An expenditure intended to benefit the current period is revenue expenditure.
  3. Wages and Salaries is a charge against
  4. E. & O.E.
  5. Which of the following equation(s) is(are) true
  6. Depreciation cannot be provided in case of loss, in a financial year.
  7. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  8. The basic unit of measurement of the accounting system is ______________.
  9. Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
  10. Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
  11. Which of the following events is not a transaction?
  12. Sale of Office Furniture should be credited to Sales Account.
  13. The first step of accountancy is
  14. Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
  15. Capital + Long-term liabilities = Fixed Assets + Current Assets + Cash - Current Liabilities.
  16. Cash payments are recorded on the _______________ of the Cash Book.
  17. If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
  18. All events are transactions but all transactions are not events.
  19. The short description of a transaction written at the end of a journal entry is known as _______________.
  20. Depreciation is not charged on _______________.
  21. The balance in the Cash Book represents net income.
  22. All indirect expenses are charged against
  23. An expense incurred to keep the machine in working condition is a capital expenditure.
  24. Trial Balance is prepared after the preparation of Profit and Loss Account.
  25. A part of the profit distributed to the shareholders is known as
  26. Copyright is an example of
  27. Business ventures, which are started for a predefined period, are known as _____________ventures
  28. WIP stands for
  29. The account which can never have a credit balance is
  30. The aggregate of direct material, direct labour and direct expenses is known as