Question No 03 Chapter No 1 – USHA Publication 11 Class

Question No 03 Chapter No 1

Question No 03 Chapter No 1

3. From the following, identify the type of assets :

Computer; Goodwill; Underwriting commission; Short term investment; cash at the bank; Patent right; Oil well; Fixtures; Prepaid commission; Bills receivable; Expenses on Fresh issue of shares


The solution of Question No 03 Chapter No 1: –

Fixed Asset
Current Asset Fictitious Asset
Computer Short term investment Underwriting commission
Goodwill Cash at bank Expenses on the fresh issue of shares
Patent right  Prepaid commission  
Oil well Bills receivable  


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.