A. Debtor
B. Creditor
C. Defaulter
D. Offender
Correct Answer: Debtor ✔
Last Updated: August 10, 2017
Related MCQs
- The entry for creating a Provision for bad debts is__________?
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Which of the following statements is true with regard to written down value method of depreciation?
i. The rate at which the asset is written off reduces year after year
ii. The amount of depreciation provided reduces from year to year
iii. The rate of depreciation as well as the amount of depreciation reduce year after year
iv. The value of the asset gets reduced to zero over a period of time - The portion of the acquisition cost of the asset yet to be allocated is known as__________?
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- The main objective of providing depreciation is to?
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