41.
An asset must be ________ by the business to be shown as an asset in its balance sheet.

42.
Which is the most important characteristic that all assets of a business have?

43.
What is the basic accounting equation?

44.
Which of the following is a liability?

45.
What is equity?

Read More Section(Accounting)

Each Section contains maximum 70 questions. To get more questions visit other sections.