1 |
Stationary is classified into |
Factory supplies
Sales supplies
Office supplies
Trade supplies
|
2 |
Any physical that has money value is |
Transaction
Asset
Intangible asset
Goodwill
|
3 |
Bad debt arises from |
Sale on account
Account receivable
Cash sales
Account payable
|
4 |
Pass book is prepared in the book of |
Bank
Guarantor
Customer
None of these
|
5 |
The purchase of machinery on account would: |
Increase one asset and decrease another asset
Increase an asset and decrease liability
Increase an asset and increase capital
Increase an asset and increase a liability
|