Question

1. In the Balance sheet, Fixed deposit should be shown under
a) Loans
b) Deposit

c) Unsecured loan
d) Current liabilities
2. In the Balance sheet, Livestock should be disclosed under
a) Current assets b) Fixed assets c) Other assets d) Misc. exp.
3. Under what head in the balance sheet, Goodwill should be disclosed under
a) Fixed assets
b)
c) Intangible assets
d) Tangible assets
4.
Prepaid expenses should be disclosed under
a) Other items
b) Advances
c) Current assets
d) None of these
Misc. exp.​

Answer 1

Answer:

1) a , 2) b , 3) a , 4) d ...

Explanation:

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