43
The reduction in value of goodwill is
- A. amortization
- B. appreciation
- C. depletion
- D. depreciation
44
Another name for owner’s equity is
- A. loan
- B. debtots
- C. capital
- D. overdraft
45
Expenses accured at the end of the accounting year is treated in the balance sheets as
- A. current assets
- B. current liability
- C. ficed assets
- D. long-term liability
46
Which of the following is a capital expenditure?
- A. extension of building
- B. repairs of generator
- C. purchase of stock
- D. purchase of stationery
47
The two fundamental books of accounting are
- A. return inwards and outwards
- B. journal and ledger
- C. discounts allowed and received
- D. credit note and debit note