Capital increases if ______ increases
A. Expenses are greater than income
B. Drawings
C. Interest on capital
D. Revenue
Answer: Option D
Solution(By Examveda Team)
Capital increases if revenue increases. The extent to which an increase in revenue will affect company's working capital depends on how efficiently business operates.This Question Belongs to Commerce >> Accounting
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Comments ( 2 )
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
If revenue increases than net profit will increase and net profit will be added to capital
please elaborate.