Top 80+ Solved Agriculture Enterprise and Agro Based Industries MCQ Questions Answer
Q. Money that you owe for operating expenses is known as accounts receivable.
a. true
b. false
c. all
d. none
Q. Inventory values for December 31 of a given year should become the beginning values forthe following year on January 1.
a. true
b. false
c. all
d. none
Q. A written business agreement or contract should protect the interests of all parties involvedin a business venture.
a. true
b. false
c. all
d. none
Q. Depreciation is the amount of value subtracted from a capital asset annually due to anotheryear of use and age.
a. true
b. false
c. all
d. none
Q. For items purchased for resale you must have a record of the purchase cost for taxpurposes.
a. true
b. false
c. all
d. none
Q. Payments received from the government are taxable forms of income.
a. true
b. false
c. all
d. none