Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th

The excess of assets over liabilities is ________. - Accountancy

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MCQ
Fill in the Blanks

The excess of assets over liabilities is ________.

Options

  • Loss

  • Cash

  • Capital

  • Profit

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Solution

The excess of assets over liabilities is Capital.

Concept: Features of Incomplete Records
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 12th Accountancy Answers Guide
Chapter 1 Accounts from incomplete records
Multiple choice questions | Q I 4. | Page 30
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