Which of the following statements are false?

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Question:
Which of the following statements are false?

1.All liability is a debt for your business

2.Debtor are a asset for business

3.The accounting equation shows how much of your assets belong to the owner, and how much belong to people outside business

4.None of the above

Posted Date:-2021-10-26 19:29:41

More MCQS Questions and answers

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  5. All costs other than direct materials cost, direct labour cost and direct expenses are known as:
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  7. Book keeping is mainly concerned with
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  9. Break even analysis is also called
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  13. Current ratio is 2:5.Current Liability is Rs.30,000.The Net working Capital is
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  18. Financial leverage means
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  21. Journal Entries are known as book of ______________ Entry.
  22. Modern Method of Accounting was introduced by
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  25. Process that involves decision making with respect to investment in fixed asset
  26. Profit from sale of assets is example for–
  27. Retained earnings statement depicts:
  28. sales made by Mahesh for cash should be debited to
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  31. The convention of conservatism when applied to the balance sheet result in.
  32. The coupon is the
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  39. The ______________ is defined as the present value of all cash proceeds to the investor in the stock.
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  42. When a Bond's Yield to Maturity is greater than the Bond's Coupon Rate, the Bond
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