Prepaid expenses are shown under
A) Loans and advances asset side
B) Loans and advances liability side
C) In the p and L account
D) They are ignored
Correct Answer:
Verified
Q5: If two or more company come together
Q6: At least of the designated partners of
Q7: _is a person who is designated as
Q8: The Charter document or the formation document
Q9: If there is conversion of private limited
Q11: In absence of LLP agreement the mutual
Q12: In Single entry mostly:
A)Personal aspects of transaction
Q13: Statements of assets & liabilities prepared under
Q14: Normally single entry system is suitable for:
A)Small
Q15: If Building (closing) Rs.100,000, Land (opening) Rs.
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