Multiple Choice Questions on An asset must be by the business to be shown as an asset in its balance sheet ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

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

Quantitative Aptitude (Pb Patwari) Accountancy
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    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
    Explanation:
    Answer: Option C
    Solution:
    An asset must be controlled by the business to be shown as an asset in its balance sheet.

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