Question 1 Not yet answered Marked out of 1.00 P Flag question Purchase refers to the buying of Select one: O a. Goods for resale O b. Assets for the factory O c. Investment O d. Stationery for office use Question 2 Not yet answered Marked out of 1.00 P Flag question Long term assets having no physical existence but, possessing a value are called Select one: a. Investments O b. Intangible assets b c. Current assets O d. Fixed assets Question 3 Not yet answered Marked out of 1.00 Flag question Income statement and Balance sheet are also called as Select one: a. Incompletes accounts b. Ledger accounts O c. Final accounts O d. Subsidiary accounts