Business Studies

Which of the following is the external user of financial statements?


ANSWER

Creditor of the business


View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 202
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Classification on on the basis of ownership basis includes ___________.
  • A. Owner's funds
  • B. Borrowed funds
  • C. Loan funds
  • D. All of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
The ending balance of owner's equity is Rs.21,000. During the year, the owner contributed Rs.6,000 and withdrew Rs.4000. If the firm had Rs.8,000 net income for the year what was the owner's equity at the beginning?
  • A. Rs.23,000
  • B. Rs.21,000
  • C. Rs.19,000
  • D. Rs.11,000

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Preference shares carry preferential rights with respect to _____________.
  • A. Payment of dividend
  • B. Repayment of capital
  • C. Both (A) & (B)
  • D. Neither (A) nor (B)

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Which of the following are forms of international financing?
  • A. Commercial Banks
  • B. International Agencies and Development Banks
  • C. International Capital Market
  • D. All of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Public deposits of a company cannot exceed _____ per cent of its share capital and free reserves. 
  • A. 15
  • B. 20
  • C. 25
  • D. 30

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer