Advertisements
Advertisements
Question
Complete the following sentence:
An expenditure which is basically revenue in nature but benefit of which is not exhausted within one year is called as ____________
Solution
An expenditure which is basically revenue in nature but the benefit of which is not exhausted within one year is called as deferred revenue expenditure.
APPEARS IN
RELATED QUESTIONS
Answer in One Sentence:
What is meant by Goods?
Answer in One Sentence:
What is Drawings?
Answer in One Sentence:
What is Goodwill?
Give the word term or phrase which can substitute the following statement:
A person to whom amount is payable.
Give the word term or phrase which can substitute the following statement:
Exchange between two persons.
Give the word term or phrase which can substitute the following statement:
Excess of expenses over income.
Give the word term or phrase which can substitute the following statement:
Allowance is given on catalogue price of goods
Select the most appropriate alternative from the given below and rewrite the statement.
An act of exchange of things or services between the two parties is termed as______.
State whether the following statement is true or false with reasons:
Solvent person is a person whose assets are more than his liabilities.
State whether the following statement is true or false with reasons:
A transaction is concerned with money or money’s worth
Do you agree or disagree with the following statements :
In Book-keeping and Accountancy, only non-monetary transactions are recorded.
Complete the following sentence:
Revenue arising as a result of business transactions is known as ____________
Complete the following sentence:
The amount deducted by the seller from the list price of goods at the time of sale is ____________
Do you agree or disagree with the following statement:
The Assets which give long-term benefit to the business are Fixed Assets.
Answer in One Sentence:
What is meant by Goods?
What is meant by Goods?
Answer in One Sentence:
What is meant by Goods?
Answer in one sentence.
What is meant by Goods?
Answer in One Sentence:
What is meant by Goods?
Answer in One Sentence:
What is meant by Goods?
Answer in One Sentence:
What is meant by Goods?
