i was suprised to see two wrong mc s in accounts paper.2013
11. Deferred tax is shown in the balance sheet is:
a) Liablility b) Assete c) An expenditure in income statement d) None of these
12. The following represent tangible assets and are shown in balance sheet as:
a) People b) Expenses c) Revenues d) Goodwil
i can laugh only on these questions