The total asset of business minus its total liability is the
The total asset of business minus its total liability is the A. net profit B. capital owned C.…
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Which of the following has no legal capacity to a contract
Which of the following has no legal capacity to a contract A. Public Limited Company B. Public Corporation…
The returns from capital investment are known as
The returns from capital investment are known as A. turnover B. commission C. annuity D. profit E. bonus…
The production process is completed when what is produced
The production process is completed when what is produced A. is in the manufacturer’s warehouse B. has reached…
The returns from capital investment are known as
The returns from capital investment are known as A. turnover B. commission C. annuity D. profit E. bonus…
A supplier who needs to make additional charges for goods delivered will send
A supplier who needs to make additional charges for goods delivered will send A. a debit note B.…
Gross profit is correctly ascertained by
Gross profit is correctly ascertained by A. adding opening stock to purchases B. adding closing stock to sales…
Balance of trade is said to be favourable when
Balance of trade is said to be favourable when A. visible imports exceed visible imports B. invisible exports…
The basic principles upon which International Trade is carried on among countries is
The basic principles upon which International Trade is carried on among countries is A. specialization B. absolute cost…
A partner who contributes to the capital but does not take part in running the…
A partner who contributes to the capital but does not take part in running the business is known…