I, III and IV
I, III and V
II and IV
III and V
Correct answer is D
Impersonal account; any account other than a personal account, being classified as either a real account, in which property is recorded, or a nominal account, in which income, expenses and capital are recorded.
A non-monetary value
Tangible and intangible qualities
Monetary cost and future benefit
An inadequate monetary value
Correct answer is B
Tangible assets are physical in nature that can be either long-term or short-term asset. Intangible assets are long-term assets that are not physical, but rather, intellectual property. Both tangible and intangible assets are recorded on the balance sheet.
External users of accounting information include
Employees
Management
Banks
Directors
Correct answer is C
External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.
N7,425
N7425
N7,625
N7,925
Correct answer is A
No explanation has been provided for this answer.
N22,095
N22,395
N22,765
N23,665
N23,965
Correct answer is D
No explanation has been provided for this answer.