Download App

P1 C1 Accounting and Its Terminology — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C1 Accounting and Its Terminology1 Mark
MCQ
Which one is fictitious asset from the following ?
  • A
    Machines
  • ✓
    Debenture discount
  • C
    Trademark
  • D
    Goodwill
✓

Answer

Correct option: B.
Debenture discount

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 .(1 Marks)" from P1 C1 Accounting and Its Terminology→P1 C1 Accounting and Its Terminology — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

In which subsidiary book, will credit sales be recorded?
→
What is the other name of Reducing Balance Method?
→
How is a bill?
→
Balance of which account is not found in three columnar cashbook?
→
Which method of depreciation is very simple and widely used?
→
Which reserve can be used to write off fictitious assets like goodwill, preliminary expenses, discount on share or debenture, etc.?
→
How many parties are there In a promissory note?
→
Under which method of depreciation, interest on capital is ignored?
→
Under single entry system$…………$
→
Salary A/c closed and transferred to which A/c ?
→