The business combination which engages in the manufacture of different kinds of products of allied nature is called:
A. Vertical combination
B. Lateral combination
C. Horizontal combination
D. Circular combination
Answer: Option B
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Which of these items would be accounted for as an expense?
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B. Dividend to stock holders
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D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
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C. Nominal a/c
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