Commerce Study™ (MCQs)
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Any written evidence in support of a business transaction is called ____
A concept that a business enterprise will not be sold or liquidated in the near future is known as ___
The rule 'Debit the Receiver, Credit the Giver' is applicable to ___
A monetary benefit that arises from transaction of non-operating in nature is called __
The portion of the expenses, the benefit of which will be received during the next financial year, is known as _____
If any asset is withdrawn by the proprietor for personal use, Journal Entry should be ___
The assets that can be easily converted into cash within a short period i.e. 1 year or less are known as _____
Net Worth of an organisation means excess of Assets over ____
The debt which is to be repaid within a short period is known as __
Net Profit is calculated in which of the following account?
Long term assets without any physical existence but, possessing a value is called ____
Interest payable on the capital of the partners is recorded in __
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