DULI (d) dllu (0)
Financial statements do not consider
(a) Assets expressed in monetary terms.
(b) Liabilities expressed in monetary terms.
(c) Assets and liabilities expressed in non-monetary terms
On January 1, Sohan paid rent of 5,000. This can be classified as
(a) An event.
b) A transaction.
c) A transaction as well as an event.
On March 31, 2015 after sale of goods worth 2,000, he is left
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Answer:
Option A
Option C
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Answer:
Option A
Option C
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