Prepaid expenses are ______ account
A) Nominal
B) Personal
C) Personal account without name
D) Real
Correct Answer:
Verified
Q38: Cost of goods sold plus selling expenses
Q39: Trading account is a _ account
A)Personal
B)Real
C)Nominal
D)Expenses
Q40: 1/6 profit on sales means _ on
Q41: In sole trader balance sheet asset are
Q42: _ is an expenditure which does not
Q43: Asset which reduce is value, on use,
Q44: Unearned income is a
A)Liability
B)Asset
C)Expense
D)Income
Q46: Unexpired expenses is a _
A)Liability
B)Asset
C)Income
D)Expenditure
Q47: Transactions of a general nature which occur
Q48: Income and expenditure account is the _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents