Question

1O Marks Question 1 tach of these inuite chelce s a fu ested areers, AL BL nd UPAT ould read ach ques and then deside hioutoke e besr ter (Ae or PLch q on Karles 2 Marks CAWickig Cigetel aferm men WIheandint of cutl teested by the proprietor (OUhe escess of the current ttover hecuttabtes CTheptal Ndre OUhefotalofteAicts-Caret Asets ZAiedtbaline be t down enAtert Aicount teins (CAweowe tfe etathat date (WWe ba tjent in adance at tht d (PIWehave tod einieat BAdentbalice Brought dowm ona Pi Miterl Account imeas (ALW ww forpakinginaterls (BIWe are owedor paking ater (wehave istmoneon pocding materl miwenave a stock of packing taterk uused Cirwe tale good for own w ho (ALDebit Orwe Account.Cedit ueses Accn 01Debit Purchaser Accunt oetOanes Acohit (9odirOrwires Account Cedt Stuck AccoUne (0IDebitSalesACOnt Credit Stock Aloi (5 Capital penditure i (A The extra capifal pod in frfe proprietor (BI The costs of runting the business ort a di da day fais (CIMoney spent on buying d assets or adding valie fa them (DIMonry gent on selling fied ansets 6h the busineis of CSanester, wha owns a cothg tb whichof the folowing are Capita( Expenditure? Shop fitures boudhe GIWigeTof assotants WNEW win boight MPetrul for van. (AWand (1 and ) (CUand (w) (DIOand M ZIFRSod was showt added fo Pechases instead of beng added ta aed asset (AI Ner profit only would be undentated U Net prufit only would be overitated Page 2

Multiple choice questions

Need true or false answers

Based on the information provided true or false questions needed

Choose from the options the correct answer

Sorry for typing wrong the answers must be selected from the 4 given and one must be selected

Question 8 to 9 is answered but this one is not answered...

Answer 1

Question 1

Working capital tells us the short-term liquid assets remaining after short-term liabilities have been paid off. Hence it is excess of current assets over current liabilities.

Therefore option B is correct

Question 2

A credit balance means we owe that amount to the third party. A credit balance means that expense is payable. Therefore option A is correct

Question 3

Option D is correct. Packing material are a kind of inventory which is used in packaging the good. therefore a debit balance means we have an unused portion of packing material.

Question 4

Option C is correct. Withdrawal of stock for personal use will reduce the stock held and increase the drawings

Question 5

Option C is correct. Capital expenditure means any amount spent for purchase of capital assets ( fixed assets) or any amount spent which increases the life of these assets.

Question 6

Shop fixtures and New Van are capital expenditure. Therefore option A is correct.