Which is a fictitious asset?

1.What do debenture holders receive from a business?

2.What is the cost of raw materials used?

3.Which are variable costs? i. Direct raw materials ii. Depreciation iii.Direct wages Which one is correct?

4.What is a debit balance in $partners^{\prime} current$ accounts?

5.VAT collected from the buyer on sales is a-

6.According to company law, the maximum rate of share discount can be-

7.What is the cost of goods sold?

8.Which of the following are non-cash transactions? i. Depreciation ii. Conversion of bonds into shares iii.Sale of land Which one is correct?

9.Cost of goods sold is calculated as-

10.When prices of goods fluctuate, which method is most appropriate for issuing goods?

11.Which is an asset?

12.Rita, a partner in a partnership, withdraws 5,000 taka from the business at the \end{of}each month. The interest rate on drawings is 5%. How much interest on drawings should be charged?