balance is ....... while bank overdraft is ....... - Vidyadip

MCQ

balance is $.......$ while bank overdraft is $.......$

A
Current liability, current liability
✓
Current asset, current liability
C
Current liability, current asset
D
Current asset, current asset

✓

Answer

Correct option: B.

Current asset, current liability

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P2 C5 ACCOUNTNG RATIOS AND ANALYSIS→P2 C5 ACCOUNTNG RATIOS AND ANALYSIS — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Which type of debentures generally having more rate of discount?

$..........$ of the business is disclosed by cash ﬂow statement.

Returns on shares is$.....$while returns on debentures is$.....$

There is unrecorded liability at the time of admission of partner. It is recorded in new firm as$...….$

If partnership deed is silent, interest is payable at $........$ on unpaid amount payable to the retiring partner.

Which of the following is not shown under the heading 'Share Capital' in a balancesheet?

Before the company decides to redeem the debentures out of capital, the company has to transfer $......... \%$ of total face value of issued debentures to debenture redemption reserve Alc.

Capital employed in the business equals to

Accounting year ends on $31-3-2016.$ A partner dies on $30-6-2016.$ Deceased partners' share in profit is $3$ Profit share payable to the partner is to be calculated on the basis of last year's profit $Rs.24,000........$ amount will be paid as share in profit at the time of death.

To which account workmen accident compensation fund is transferred at the time of dissolution of a firm ?