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Model Paper 5 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountModel Paper 51 Mark
MCQ
Items owned by a business that have monetary value are ____
  • ✓
    Assets
  • B
    Capital
  • C
    Debentures
  • D
    Liabilities
✓

Answer

Correct option: A.
Assets
A
Assets
Explanation:
Assets are the property owned by business having monetary value. Assets can be in tangible assets or intangible assets.
Example:- Cash, Bank, Stock, Debtors, Goodwill Etc.

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