Ledger of a business is account and furniture account is account
Select the answer that shows the correct terms to (1) and (2) in the above statement in correct
order.
1. an income, an expense
2. an income, an asset
3. a liability, an income
4. an equity, an expense
12. Select the answer which correctly classifies the business organizations based on the objectives.
1. private sector businesses and public sector businesses
2. for profit businesses and large scale businesses
3. public sector businesses and large scale businesses
4. for profit businesses and not for profit businesses
13. Following is a transaction occurred in a business.
Purchasing a stock of goods of Rs. 50 000 in cash.
Because of this transaction in the business
1. Only the assets change
2. only the liabilities change
3. only the assets and liabilities change
4. all assets, liabilities and equity change
14. Chathuranga expects to start a furniture selling business hope to do the management by himself.
What is the most suitable business organization type for this?
1. A partnership
2. A sole proprietorship
3. an association
4. an incorporated company

answer; a set of mutual funds with similar risk characteristics to your mutual fund;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.