Which one of the following lending considerations is the least important?______.
A. Customer's ability to repay
B. Purpose of loan
C. Security available
D. Amount required
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A "trade debtor" of a company can best be described as a person or firm who______.
A. bought goods from the company on credit and has not yet paid
B. borrowed money from the company in the form. of a loan
C. sold goods on credit to the company and has not been paid
D. made a loan to the company
【C12】______
A. increased
B. increasing
C. decreased
D. reducing
A fixed asset register had a balance of $125 000. A fixed asset, which had cost $12 000, was sold for $9 000 at a profit of $2 000. What is the revised balance on the fixed asset register?
A. $113 000
B. $118 000
C. $125 000
D. $127 000
Which one of the following best describes "purchases" in accounting?______.
A. Items bought
B. Goods bought for re-sale
C. Goods paid for
D. Fixed assets bought