Liabilities, such as loan finance, on the other hand, are remunerated by interest, which is charged to profit or loss as an expense.Select one:TrueFalse

Atoms that become electrically charged through the loss or gain of electrons are called ______.Multiple choice question.ionsmoleculesisotopescompounds

The fourth logical step to determine the result of a transaction is to classify the affected accounts as assets, liabilities or equity.Select one:TrueFalse

What best determines whether a borrower’s interest rate on an adjustable rate loan goes up or down?

Suhani takes a loan of ₹65,000 at a rate of simple interest of 6% per year. Thus, at the end of the year, she will pay ₹ as interest.

Profit-maximizing conditions for a perfect competitive firm is where MR=MC, this is the same as that of a monopolyQuestion 8Select one:TrueFalse