Rent owed by a department is treated in the Balance sheet as
Asset of the business
Asset of the department
Liability of the business
Liability of the department
Correct answer is C
No explanation has been provided for this answer.
Computer memory sizes are measured in
Kilometers
Kilowatts
Kilobytes
Centimetres
Correct answer is C
No explanation has been provided for this answer.
i and ii
i and iii
ii and iii
i, ii and iii
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an example of capital reserve?
Share premium
Retained profits
Surplus on revaluation of assets
Pre-incorporation profits
Correct answer is D
No explanation has been provided for this answer.
The concept which deals with the exclusion of trivial items in the accounting records is
Constituency
Going concern
Materiality
Money measurement
Correct answer is C
No explanation has been provided for this answer.