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The life span of a company is dependent on the life span of the

A. Owner(s) of the company

B. Promoter of the company

C. Managing Director of the company

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Bank Reconciliation statement is prepared to arrive at the Bank Balance.
  2. All indirect expenses are charged against
  3. Which of the following equation(s) is(are) true
  4. A part of the profit distributed to the shareholders is known as
  5. Business ventures, which are started for a predefined period, are known as _____________ventures
  6. If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
  7. Choose the odd one out
  8. Fixed Assets are stated in the balance sheet at their market value.
  9. All events are transactions but all transactions are not events.
  10. Depreciation is not charged on _______________.
  11. Cash is an example of
  12. Goodwill is not a fictitious asset.
  13. The life span of a company is dependent on the life span of the
  14. Capital of the business is an example of external liability.
  15. All credit sales are recorded in
  16. According to the Concept of Conservatism, an accountant should
  17. Sale of Office Furniture should be credited to Sales Account.
  18. The first step of accountancy is
  19. Accrual concept implies accounting on cash basis.
  20. Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
  21. An expenditure intended to benefit the current period is revenue expenditure.
  22. Providing depreciation ensures sufficient cash for asset replacement.
  23. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  24. HUF stands for
  25. WDV stands for
  26. Any type of error affects the agreement of Trial Balance.
  27. The balance in the Cash Book represents net income.
  28. E. & O.E.
  29. Contingent liability is an ascertained liability but its amount and due date are indeterminate.
  30. The short description of a transaction written at the end of a journal entry is known as _______________.