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Question 36 Not yet answered Marked out of 1.00 p Flag ques Which of the following increase when business takes a loan from a bank? a. Revenue O b. Equity O C. Llability O d. Sales Question 37 Not yet answered Marked out of 1.00 Which of the following is called Posting? a. An entry made in trial balance from balance sheet O b. An entry made in ledger from journal O An entry made in journal from ledger O d. An entry made in balance sheet from journal Question 38 Not yet answered Marked out of 1.00 p Flag question Fresh Vegetable shop sold goods to Mr. Ahmed on cash; it should be CREDITED to: O a. Purchase account b. Bank account O c. Sales account O d. Cash account Question 39 Not yet answered Marked out of 1.00 p Flag question The assets that can be easily converted into cash within a short period, t.e. 1 year or less are known as: O a Investments O b. Current assets O c. Intangible assets O d. Fixed assets Question 40 Not yet answered Marked out of 1.00 P Which of the following is the excess of income over expenses? a. Profit O b. Asset O c. Loss O d. Equity Previous page