39. Authorized capital, also known as A. Nominal capital B. Paid up capital C. Issues capital D. None of these 40. Rent paid to landlord should be credited to A. Landlords account B. Rent account C. Cash account D. Expense account 41. Cost of goods sold= opening stock+ net purchasest expenses on Purchases - sales which part of formula is wrong? A. opening stock B. net purchases C expenses on Purchases D. sales 42. All those to whom business owes money are: A. Debtors B. Investors C. Creditors D. Shareholders MBA University of Cyberjaxa DEC 2020