Multiple choice Question 21 Not yer answered Marked out of 1.00 p Flag question Which of this best explains fixed assets? O a. Are items which will not wear out quickly b. Are amount owed to outsiders C. Are bought to be used for personal purpose O d. Are of long life and are not purchased specifically for resale Question 22 Not yet answered Marked out of 1,00 p Flag question Which of the following starts where the book-keeping ends? a. Management b. Auditing O c Accounting O d. Insurance Question 23 Not yet answered Marked out of 1.00 p Flag question The next step after the preparation of ledger is a. Trial balance b. Ledger c. Final accounts d. Journal Question 24 Not yet answered Mariced out of 100 Flag question Which of the following is called Posting? O a. An entry made in journal from ledger b. An entry made in trial balance from balance sheet O c. An entry made in balance sheet from journal d. An entry made in ledger from journal