Other Assets Include

question 7

Multiple Choice

Other assets include

• A) land.
• B) machinery.
• C) contingency funds.
• D) goodwill.

---

Definitions:

Vouchers Payable

Obligations or debts owed by a company for goods and services that have been received but not yet paid for.

Purchases Discount

A reduction in the price paid for goods, given for early payment according to the terms of purchase.

Voucher Register

A record-keeping system that logs all vouchers issued and paid by a business, detailing payments to suppliers and services.

Date Of Payment

The date the dividend is paid.