Which one is the expense?
Commission received
Rent received
Wages
Dividend received
The revenue expenditure is treated as:
Income
Expense
Profit
Loss
Which are assets held on a long - term basis?
Current assets
Fixed assets
Preliminary expense
Fictitious assets
Which assets are assets hold on a short term basis?
Expenses which do not result in the income earning capacity of the business.
Revenue expenditure
Capital expenditure
Normal expenditure
Overlay expenditure
Which is a measure of something on hand- goods, spares and other items in a business?
Closing stock
Opening stock
Stock in hand
Which is true?
Income = Revenue - expense
Income = expense - revenue
Income = Revenue - loss
Income = revenue + expense
Capital expenditure is treated as:
Assets
Liabilities
Assets acquired relatively for long periods.
Intangible assets
Wasting assets
Which stock is the amount of stock at the beginning of accounting period?
Finished goods
