Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?

Option 1: Fixed asset

Option 2: Tangible asset

Option 3: Current asset

Option 4: Intangible asset

Question : Goodwill and copyright are examples of which assets?

Option 1: Liquid asset

Option 2: Current asset

Option 3: Fixed asset

Option 4: Intangible asset

Question : Change in the inventory of a firm is treated as ____________.

Option 1: disinvestment

Option 2: investment

Option 3: liability

Option 4: asset

Question : Which of the following statements are true?

Statement-1 An expenditure is revenue expenditure, if it either creates an asset or reduces a liability.

Statement-2 An expenditure is a capital expenditure, if it neither creates an asset nor reduces any liability.

Option 1: Both are true.
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.
 

Question : From which account, expenses on issue of shares will be first written off from :

Option 1: Statement of Profit and Loss Account

Option 2: Miscellaneous Expenditure Account

Option 3: Share Issue Expense Account

Option 4: Securities Premium Reserve Account