Mixed combination is a combination of:
A. Similar industries
B. Firms of the same industry
C. Different industries at a place
D. Related industries
Answer: Option C
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A. Expenditure for the business
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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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