When liability decreases it is a ________
A) Source of Funds
B) Profit
C) Application of Funds
D) Loss
Correct Answer:
Verified
Q8: Public Deposit accepted by a company represents
A)Use
Q9: Redemption of Debenture by a company represents
A)Application
Q10: Only Current Assets and Current Liabilities are
Q11: Decrease in Working Capital Denotes
A)Application of Fund
B)Source
Q12: Which one of the following is not
Q14: Loss on sale of Fixed Assets /
Q15: The balances of Provision for Taxation were
Q16: The proposed dividend for the Current Year
Q17: If the shares are issued at a
Q18: Last year's proposed dividend has been paid
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