The cash bass of accounting requires the recognition of revenue only when they are
Due
Earned
Paid
Received
Correct answer is D
No explanation has been provided for this answer.
The receipt from a special tax levy to pay maturing interest obligation are recorded in
Capital fund project
Debt Service Fund
Tax Assessment Fund
Special Revenue Fund
Correct answer is C
No explanation has been provided for this answer.
Fixed expenditure
Capital expenditure
Annual expenditure
Recurrent expenditure
Correct answer is D
No explanation has been provided for this answer.
An advantage of using accounting ratios is that they
Can be easily calculated
Facilitate decision making
Are stipulated by law
Shows error and fraud
Correct answer is B
No explanation has been provided for this answer.
Memorandum of association
Article of association
Prospectus
Company law
Correct answer is B
No explanation has been provided for this answer.