Debt equity ratio 8.2.2023

Net Assets = Total Assets -

Final account includes

• Trial balance

• journal entries

• trading account ,profit and loss account and balance sheet

• ledger account

Which of the following accounts may have a debit or credit balance?

• Discount Received Account

• Sales Account

• Trade Expenses Account

• Loan Account

which of the following are not current account transactions

• Imports payable

• External commercial borrowings

• Exports receivable

• All of the above

Unearned income account is a _______

• Asset

• Liability

• Expenses

• Revenue

FDI, FPI form part of

• Current account

• Capital account

• Reserve account

• Errors and omissions

Which of these errors does not affect agreement of Trial Balance?

• Errors of principle.

• Complete omission in subsidiary books.

• Compensating errors.

• All the three