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Question 13 Not yet answered Marked out of 1.00 P Flag question What is the correct term to describe the cash or other assets taken by the owner of a business for his personal uses? a. Retained earning O b. Drawings O c. Capital O d. Dividend Previous page Next page Question 14 Not yet answered Marked out of 1.00 Flag question Who among the following is entitled to receive dividend as a return for their investment? O a. Partner O b. None of the options O c. Shareholder O d. Sole proprietor Previous page Next page Question 15 Not yet answered Marked out of 1.00 P Flag question Waterloo Co. purchased a delivery van for OMR 25,000. The delivery van is for using in the business for delivering their products to different shops throughout Oman. How do you classify this delivery van in the accounting records of Waterloo Co? O a. As a non-current asset O b. As a current asset O c. As a long term liability O d. As a current liability Previous page Next page