Creditors for goods purchase come within the category of________________
A) Fixed Liabilities
B) Current Liabilities
C) Capital
D) none
Correct Answer:
Verified
Q24: The International Accounting Standards Committee was set
Q25: The underlying assumption that assumes that the
Q26: The primary objective of the matching principle
Q27: The term "compound entry" means that the
Q28: The convention of conservatism is applicable _
A)In
Q30: Money spent on heavy advertising, whose benefit
Q31: A deduction allowed to the buyers from
Q32: Goodwill is a
A)Current asset
B)Tangible asset
C)Intangible asset
D)Liability
Q33: What type of expenditure is shown as
Q34: A business firm is separate and distinct
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