Which of the Following Is an Example of a Private

question 36

Multiple Choice

Which of the following is an example of a private carrier?

• A)MET is a transporter that operates only in the Southeast Asian region and charges fixed prices.
• B)BCL is a family firm that owns only three trucks,but takes small orders for transport.
• C)VTV owns a fleet of trucks and transports goods for any client for a fee.
• D)COM is a shipping firm that transports goods by road and rail across Malaysia.
• E)BEL Inc.manufactures parts for cars and transports its products to customers itself.

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Definitions:

Debit Balance

A financial account status where the total debits exceed the total credits, indicating an amount owed.

Office Supplies

Items used in offices on a regular basis for the purpose of carrying out tasks and operations, including pens, paper, and staplers.

Asset Account

An account on a balance sheet that represents a resource controlled by the entity as a result of past transactions and from which future economic benefits are expected.

Adjusting Entries

Entries recorded in accounting logs at the end of a fiscal period for the purpose of allocating earnings and costs to their rightful period.