Which of the following is the intangible asset?

Jun 2nd, 2015
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Louisiana State University - Shreveport
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Q. 2 Which of the following is the intangible asset? * Patents The person who supplies goods to the business is__________of the business. *Creditor Q. 4 Capital = Assets-______? * Liabilities Q. 5 The accounting equation is satisfied by ________ * Capital=Net Assets Q. 6 The rule of debit "Debit what comes in and credit what goes out" is applicable to: * Real Accounts Q. 7 Which of the following is a personal account? * Creditors Account

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Q. 2 Which of the following is the intangible asset? * PatentsThe person who supplies goods to the business is__________of the business. *CreditorQ. 4 Capital = Assets-______? * LiabilitiesQ. 5 The accounting equation is satisfied by ________ * Capital=Net AssetsQ. 6 The rule of debit "Debit what comes in and credit what goes out" is applicable to: * Real AccountsQ. 7 Which of the following is a personal account? * Creditors AccountQ.8 Fixed Asset is............ * LandQ. 10 Which of the following expenses is "Deferred Revenue Expenditure" ? * Expenses of shifting of business from one place to another.Q. 11 Which of the following expenses is a revenue expense? * Expense to maintain the present efficiency level of fixed asset.Q.12 The credit balance of income and expenditure account means........ *Excess of expenditure over incomeQ. 14 The subscription received in advance during the accounting year will be treated as........ * a liabilityQ. 15 Owner's drawing will be deducted from : * CapitalQ. 16 All the Revenue Expenditures and Revenue Income are transferred to: * Profit and Loss AccountQ. 17 Loss on sale of old furniture is debited : * Profit and Loss AccountQ.19 Purchase Account, Rent Received Account and Capital Account will normally show........ * Debit, credit , credit balances respectively.Q.20 A trial balance helps in checking.......... * Arithmetical accuracy of the books of accounts.Q.21 The total of sales book are....... to sal

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