Question

Find the odd one and sate the reason
(a) Building (b) furniture (c) debtors
(c) Machinery

Answer 1

ANSWER :

★ (c) Debtors

• ➻ Among the items given, i.e., Building, Furniture, Debtors and Machinery; the odd item is Debtors.

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REASON :

$\: \: \: \: \: \: \:$ ⊚ The given items are Building, Furniture, Debtors and Machinery. All these items are assets; but among them, the kind of one asset is different from the other three assets.

• ✠ Building is a Fixed Asset.

• ✠ Furniture is a Fixed Asset.

• ✠ Debtors is a Current Asset.

• ✠ Machinery is a Fixed Asset.

➺ Therefore, "Debtors" is the odd one among the given items.

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KNOW MORE :

❒ Asset :-

• ✎ An asset is anything which is in the position or in the property of a business enterprise. In other words anything which enables a business enterprise to generate benefit in the future is known as an asset.

❒ Fixed Asset :-

• ✎ Fixed assets are those assets which are held for continuous used in the business. These assets are used for the purpose of the operation of the business and are not meant for resale.

❒ Current Asset :-

• ✎ Current assets are those assets which are made for sale or which can be converted into cash within one year. These assets are also termed as "active assets", "short-lived assets", "floating assets" or "circulating assets".

Answer 2

Answer :

Odd one is debtors, option (c) is correct

Explanation :

Given all the 4's are assets but the category of debtor's is different.

Building, furniture and machinery are categorised in fixed assets, But debtor's are current assets.

According to traditional approach of classification,

• Building = Real A/c
• Furniture = Real A/c
• Machinery = Real A/c
• Debtors = Personal A/c

Therefore debtor is an odd one.