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9 Assume you add a new partner in the partnership, what should Happen first. A) You must start a new partnership B) You must give
9 Assume you add a new partner in the partnership, what should Happen first. A) You must start a new partnership B) You must give a bonus to the old partners. C) You must give a bonus to new partner. D) None of the above. 10 Cash Dividend declared is considered? A) Current Liability B) Non current Liability C) Current Assets. D) None of the above. 11 What item would be considered revenue expenditure? A) Changing oil for a truck B) Buying a Truck. C) Buying engine for the truck D) None of the above. 12 Which Item would be considered a capital expenditure? A) Changing oil for a truck B) Buying a Truck C) Buying head lights for the truck D) None of the above
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