Accounts - Principles of Accounts Questions
Question 2261:
Subscription prepared by members is recorded in the balance sheet of a club as a
- A Current liability
- B Current asset
- C Fixed asset
- D Long term liability
Question 2262:
The reduction in value of an intangible asset is
- A Depletion
- B Depression
- C Amortization
- D Appreciation
Question 2263:
Which of the following is not part of the cost of production
- A Wages of operators
- B Factory power
- C Advertising
- D Cost of raw materials
Question 2264:
Rent is apportioned each department on the basis of
- A Area or space occupied
- B Equuality
- C Turnover
- D Purchases
Question 2265:
A document which acknowledge that a company owes a person a stated sum of money with an agreement to pay a fixed rate of interest periodically is
- A Share certificate
- B Allotment certificate
- C Preference certificate
- D Debenture certifate