The debit balance in the Income and Expenditure Account indicates the excess of

which of the following item should not be entered in the receipts and payments account of a club -

In a lease agreement there are ______ parties.

The owner of the asset is known as

The user the asset is known as

The ownership of the asset remains with the

Leasing agreement is usually for a specific period.

Leasing is a tool of tax planning.

Under leasing arrangement, risk of obsolescence is to be borne by the lessee.

Find Current Ratio if

• Current Assets = 2800
• Current Liabilities = 700