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Question 1 reset
The debit balance in the Income and Expenditure Account indicates the excess of
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which of the following item should not be entered in the receipts and payments account of a club -
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In a lease agreement there are ______ parties.
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The owner of the asset is known as
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The user the asset is known as
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The ownership of the asset remains with the
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Leasing agreement is usually for a specific period.
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Leasing is a tool of tax planning.
Question 9 reset
Under leasing arrangement, risk of obsolescence is to be borne by the lessee.
Question 10 reset

Find Current Ratio if

  • Current Assets = 2800
  • Current Liabilities = 700

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