Commerce

Commerce

University

5 Qs

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Commerce

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Assessment

Quiz

Financial Education

University

Easy

Created by

Lakshmi Sala

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land and buildings belong to which type of assets?

Fixed assets

Current Asset

Fictitious assets

None

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GST stands for

Goods and service transactions

Goods and service tax

Both

None

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is fictitious asset

Good will

Patents

Preliminary expenses

Plant and Machinery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Instrinsic value method is also known as

Asset backing method

Yield method

Dual method

None

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All contracts are agreements.

TRUE

False

Can't say