51. A business has the following items in it:
Land Rs. 1,500,000
Machinery Rs. 80,000
Cash Rs. 20,000
Owners equity Rs. 900,000
Loan Rs. 500,000
Creditors?
Land Rs. 1,500,000
Machinery Rs. 80,000
Cash Rs. 20,000
Owners equity Rs. 900,000
Loan Rs. 500,000
Creditors?
52. Accounting principles are generally based upon:
53. The cash discount allowed to a debtor should be credited to:
54. Which one of the following items would fall under the definition of a liability?
55. Which of the following is not related with Money Measurement Concept?
56. Content of income statement
57. Which of the following is not a part of Production Cost Budget?
58. Which of the following sanctions foreign exchange for import of goods:
59. The business combination which engages in the manufacture of different kinds of products of allied nature is called:
60. Match List-I with List-II and select the correct answer:
List I
List II
a. Rival firms
1. External Environment
b. Technology
2. Social and cultural environment
c. Improving quality
3. Internal environment
d. Ethics business
4. Global environment
| List I | List II |
| a. Rival firms | 1. External Environment |
| b. Technology | 2. Social and cultural environment |
| c. Improving quality | 3. Internal environment |
| d. Ethics business | 4. Global environment |
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