Asset acquired for long period of time in the business is known as ___________
A) Fixed asset
B) Current asset
C) Fictitious asse
Correct Answer:
Verified
Q32: The term _denotes the cost of services
Q33: A person who owes money to the
Q34: A _ is a person to whom
Q35: _denote goods brought for sale.
A)Sales
B)Purchase
C)Expense
Q36: _ is an example of wasting asset
A)Mines
B)Land
C)Closing
Q38: Things which are purchased by the business
Q39: _ expenditure is increased to maintain the
Q40: _ is the major source of revenue
Q41: _ represent the amount invested by the
Q42: A_ transaction is one where in items
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