11. Which of the following would not be found on a standardized income statement?
12. Which of the following is not an expense?
13. Which of the following is not a debit balance?
14. In which year was the Limited Liability Act passed?
15. Return on Investment Ratio (ROI) =
16. Which account is not a liability account?
17. Which of the following is not a liability?
18. Which of the following is not a credit balance?
19. Sales expenditure budget is prepared by estimating the expense(s) of
20. Which of these is not included as a separate item in the basic accounting equation?
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