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Which of the following liabilities is the least permanent?(a) Capital(b) Bills Payables(c) Creditors(d) Loan from Bank...

Question

Which of the following liabilities is the least permanent?(a) Capital(b) Bills Payables(c) Creditors(d) Loan from Bank

Which of the following liabilities is the least permanent? (a) Capital (b) Bills Payables (c) Creditors (d) Loan from Bank



Answers

Which of the following accounts are used when recording a purchase?
A. cash, merchandise inventory
B. accounts payable, merchandise inventory
C. A or B
D. cash, accounts payable

Okay. So via going to understand, different types also come That would be applicable. Who? Accounting we can say to hold off accounting as a subject. So there is your local, Okay? There is a personal account. Dave is a normal medical now. What happens? So instead of writing the technical divination for each of these, I'm going to write the example because accounting is a practical subject. Okay, So sort of yell account is we can see example really cold. We used mostly for engine ballistics. Okay, Specifications. So for machinery, when we will purchase the machinery or the business part and still opened in machine code. Okay, then it will open. There's a code that was used for the constancy, but okay. And there are many assets which we create by being the expense in advance. Okay, like whenever we pay. But there it's a supposed V day. The pair rent on people basis like we have paid rent off next financially in Indy. Got in finding trivia, so this will be considered us. This will be considered as the yellow card. Okay, So to account for the election in respect of people, repaired drink, reveal open tentacle okay, in case off Percents de ville. So for personal, Kofi generally opened these type of bulbs in name of person Like, let's suppose there is a business or Mr X. So whenever x, whenever Mr X invest his money in business and withdraws the money from the business. So Louisville open, Mr. Except Okay, who account for the transaction in case off, Mr. However in case off, normally vehicle, it is a These are goats are over. Temporary in nature. Like these, Like one year. Okay, you can write, you know, There it is mostly created for one year and within paneer. These are transferred to these air concert transfer twosome. Better comes to show the okay. No So pretty bad rain videos for the codes. So, as in case off our current question also, it matches it. Joyce, be okay. What about the insurance? Is the expense bay to insure the loss arising from unexpected even. And when we will pay that expense for subsequent financial year in the current financial year then and I said will be created and account the religions for such a sex. They will open the real accounts. Okay. In name off. Three Pritchard. It's so that despite matches with the choice be repaired insurance. And that's all for absolution. However, you can write down this sheik number one on your notebooks for future reference, but that solution will be choice. Be okay.

So today we're gonna be talking about which following assets require the strongest of internal controls. And just as a reminder, internal controls are internal. Our mechanisms, rules and procedures to use by a company for financial accountability. Okay, Yes. Okay. And here the correct answer is going to be D cash. And that's gonna be the case because cash is the most liquid of all assets. And it also has the greatest chance of going missing through either theft or carelessness. Oh, Oh, and some companies, as a result, used petty cash. Yeah, which is a small amount of cash on hand that is recorded in terms of amount so that you can keep track of it. Um, just a reminder of the correct answer is D cash.

Okay, so let's understand the current solution to win something. But first of all, before the example, we draw the first of all, understand the actually question behind this solution and works it. What is it? Let's see. Sits minus liabilities. Equal. Get it? Actually, capital is used in traditional needs as a loan in relation, sophisticated. But just to quit, you stop already. Our date is Oh, precise differences. They have presides differences between stockholder's equity and capital. However, we will understand. Listen later when we will face the problems. Okay, so we have our question said minus liability was to stop really pretty no electricity. Understand this equation, Tau Example. Because the visit will be a little complex at getting states to understand this. No, let's see. Mr Green has business off blue business off and currently it has. It's it's oh, dollars I did and liabilities off. Daughter 200 through there licked Lewis. So what do we have? We have Mr Ri, which is dealing in business off clothing, like chasing the flutes from locally from Lydia are outside of the country importing, you know, a good material. Some outside of the country, local boundaries and selling the setting, the builds and about my beating. In such business, Mr Lee has a community sets off about 500. These events will be in terms off gash. Know what is in a second? That's it is in a mountain which a person or an entity is likely to the sea. Our is expecting to receive in some later point in time. So a sex could be gash, which is which is guaranteed with the current, which the entity it's currently holding in its bank guard in, you know, cash reserves or doctors. It is that the person who would like you to pay the person for whom subject is that considered as sex. So presently, Now, what are the liabilities? Lab, please. Uh, those are mom's, which we have to be. Who? Other person. Like participles. We have predators or shock them. Decked Logan Back short, Longtime necked. These are other financial obligations which B which we have to pay off during the lifetime of the business. I love What? The accounting. A question in place. Let's understand this. Also, a sick Linus like beauties equally do stock no water. What is the amount of dissecting never take something. What is the example of liabilities? 100. Now, what is this? Top of very pretty hours. So we have understood the meaning. Love This one, This one? No, we really understand the meaning of this. And after that, we will come to the conclusion that how many type off combinations we can produce with this question, So that will be able to go on. Push. So what is this top of that? It would be It is. It is the amount there, the business man whores in the business as is, huh? Only money was realization depends upon liquidation. Liquidation? Oh, business having bean there done such definition. It is simply the amount that deck mystery that Mr Three Wars in the business as his own darts a simple list. Thank you, Mr V. As a community of equity, wealth equally means on his own. Mr. Ray has a commuter belt off dollars. 300 in his business. After being off the liabilities from the A community, a sense and what it would be the insects. But maybe gash dictators, order receivers or what type of bank deposits he had so out after the bingo after thing off celebrities. Dollars. 200 from the assets. Whatever be the long left? After such activation off of the exits, whatever will be left will be actually beautiful to Mr as a business. And this will be start hold equity. So no. So the correct solution. So the correct choice. So the correct choice off off problem 13 is deep. Howdy. Because, Indy, this is I send less liabilities equal to stock up. It took it. So this is about the Actually, this is the actual question is that's it minus liabilities? Because just talk it is. And from this a question. We cannot be right this equation in anything so that this white this option is not today and that this does not represent the actual impression. So the current choice a problem dirtiness. And thanks for the

Okay, so let's understand the solution with an example. But before the example, you troll, let's first draw the basic question. What we have in the question. So doctors sits my list. Library fees, quest. He quit. No, this is this. A question is known as this equation is known as accounting equation, it states that they will be the bill effect off each transaction on the equation. This definition, we will understand in detail whenever we will face the numerical problem later. Toe accounting Question. This is the basic accounting question we have on through this. Different types of combination can be produced, and based on that, our current problem, which is problem for Bean, is based. So let's try to understand this in with more with an example. Festival sample Mr. R has business Oh, dealing in instruction Medea. And he has. But you omitted a sex off daughter 1000 and liabilities off 500. So based on the question we have just found, we can deny that our equity will be off $500. Doctors 1000 dollars six minus $500. Liabilities will be quite Do I wondered $500 of equity so based on that weekend did attacked we can bribe. What is the amount of equity that is attributable to Mr R out of his business looked but vehicle actually building with a different problem. The different problem is that how how many nights off combination we can drive from the basically called the question. So I will try to right on the dog. What is the basic accounting equation? And based on that, I will try to drive the possible combinations out of it by replacing the variables left to the right side, right up on a train side of the equation and left inside of liquid so that we can derive our solution. Look detailed analysis. So out of this first possible combination is, then we will transfer liabilities right inside. What you laugh, it could be. And what is this minus sign and this minus and you'll become Let's sign off liabilities. This is what we can deny from the basic mathematics. Okay, this is the first possible combination. Then the second possible combination will be as X minus equity. So we are getting equity on the left hand side of the equation. So it's inherent. Plus sign will become minus sign. So that's why I have not done it explicitly but done within the then, then, by drawing the marks that how but how they could design has changed by getting it on the left inside. So So I said, minus equity, it will do liabilities. No liberties will have a plus sign because on the left side, exciting minus sign. But But then I will shift the liabilities to that. Inside, it could become a positive sign. Now, the third combination will be we have done for the assets. We have them for the liabilities. And now it, uh, times for in the first equation the basic question we have. We can also transferred it to here because we have They gonna target variable of asset on the left inside the single variable. Actually, and we have taken laboratory. There's a target variable. Now we will take it. Could be as a target video and how we were gonna have already, Cody, just a sec, minus liabilities. So I've got a solution out of it. Is what? Which is the which does not represent the actual combination of the miss equation. So the correct choice for four problem for Dean is See which says it's soc is actually not a correct representation off. Probably questions. So that does have a distribution for the current potion. And based on of an example. Legs do this also. So Mr Ri has $1000 off a six. Okay, then $500 off elaborate please. And $500 off. It could be. So First. Understand this one. Let's say we have. We are likely to receive $1000 from a customer who we have supplied material the construction material. So we are We have sex off thousands dollars. Did she have to deceive? But we also have toe pay someone. Okay. We also have toe pay someone so that we have liabilities off 500. Okay, so it could be portion that this equally portion. What does it do know ignored that. What is the amount that is attributable to a business person out of his business when all the library tease will be paid off from the essence? If let's suppose there is 1000 off these $1000 of business and there's $1000 of liberties so they could be component will be zero. Nothing. So the businessman will not be able to draw any tape off. You know, cash drinks from the business for his personal use of that. But for the current solution, our answer will stick to Oh, I see. So tank.


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