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  • Question 1
    1 / -0

    Which of these best explains fixed assets?

  • Question 2
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    A liability arises because of:

  • Question 3
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    Which of the following is the fundamental step in the accounting process?

  • Question 4
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    Discounts received are:

  • Question 5
    1 / -0

    Qualitative characteristics of accounting information includes:

  • Question 6
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    Insurance premium for the owner's personal use should not be recorded in accounting books as per the principle of 

  • Question 7
    1 / -0

    "Non-Current Liabilities" include:

  • Question 8
    1 / -0

    A creditor makes a claim for compensation of Rs. 20000 against a business and the decision is pending in the court. This is an example of:

  • Question 9
    1 / -0

    Profits from foreign exchange transactions are an example of:

  • Question 10
    1 / -0

    Which of the following is not a fixed asset for a dealer in furniture?

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