A source of revenue that is compulsory payment without any derived benefit is?
Fees
Taxes
Fines
Royalties
Correct answer is C
No explanation has been provided for this answer.
Ordinary shareholders received dividend before?
Creditors
Debtors
Preference shareholders
Deferred shareholders
Correct answer is D
No explanation has been provided for this answer.
Cash received from the subscribed shares is recorded by debting?
Application, allotment and crediting cash
Allotment and crediting cash
Cash and crediting subscribed shares
Cash, crediting application and allotment account
Correct answer is D
No explanation has been provided for this answer.
Goodwill can be in the balance sheet as?
Fixed tangible asset
Current asset
Fictitious asset
Liquid asset
Correct answer is C
No explanation has been provided for this answer.
In partnership dissolution, an asset taken over by a partner is debited to?
Partners capital account and credited to realization account
Partners capital account and credited to asset account
Asset account and credited to realization account
Realization account and credited to capital account
Correct answer is A
No explanation has been provided for this answer.