Multiple Choice Questions on An asset must be by the business to be shown as an asset in its balance sheet ........ for UPSC EPFO Exam Preparation

Back to Main Page

Multiple Choice Questions

An asset must be by the business to be shown as an asset in its balance sheet ........

General Accounting Principles Accounting cycles
    Download Solution PDF

    An asset must be ________ by the business to be shown as an asset in its balance sheet.

    Possessed 

    Incorrect Answer

    Owned 

    Incorrect Answer

    Controlled 

    Correct Answer

    Used

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Accounting cycles
    Prepare through Micro-courses
    Try Now
    Explanation:

    An asset must be controlled by the business to be shown as an asset in its balance sheet.

    By: DATTA DINKAR CHAVAN
    ProfileResources

    Let's Discuss

    Kalyani Sisodiya

    Mam ownership is not necessary.

    0 0 reply

    NIHARIKA WALIA

    Yes, its about the control like in hypothecation

     0 0 reply
    Master
    Accounting cycles
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free