- 1 Marks
FA – Nov 2011 – L1 – SA – Q14 – Accounting from Incomplete Records
This question tests what an increase in capital over a year represents in the absence of proper books.
Question
In a business enterprise that has not kept proper books of accounts, what does an increase in capital at the end of the year over capital at the beginning of the year represent?
A. Increase in capital
B. Decrease in capital
C. Underutilization of resources
D. Inefficient management of capital
E. Improved operating performance
Find Related Questions by Tags, levels, etc.
- Tags: Capital Increase, Incomplete Records
- Level: Level 1
- Topic: Accounting from Incomplete Records
- Series: NOV 2011
Report an error