Choose incorrect statement from the following:
A. 28 Days T-bills were introduced in 1998
B. 364 Days T-bills were introduced in 1992
C. 182 Days T-bills were introduced in 1986
D. 273 Days T-bills were introduced in 2006
Answer: Option D
A. 28 Days T-bills were introduced in 1998
B. 364 Days T-bills were introduced in 1992
C. 182 Days T-bills were introduced in 1986
D. 273 Days T-bills were introduced in 2006
Answer: Option D
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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