Explanation

Debentures are a form of long-term debt instrument used by companies to raise capital.

They are repayable after a fixed period and carry a fixed interest rate.

Explanation

Intangible assets are long-term assets that do not have a physical form but hold value, like patents or trademarks.

They provide future economic benefits to a business without physical existence.

Explanation

Stock taking is a physical count and valuation of inventory at the end of the financial year.

It provides an accurate measure of closing stock, essential for preparing final accounts.

Explanation

Financial asset valuation is primarily based on the present value of expected future cash flows, such as interest or dividends.

This approach discounts future income to reflect its value in today's terms, helping investors assess true worth.

Explanation

A price floor sets a minimum price to support farmers’ incomes.

It prevents prices from falling below a certain level, helping stabilize agricultural markets.

Explanation

A fresco is a technique of mural painting done with watercolors on freshly applied plaster, usually on walls or ceilings.

It was commonly used in Renaissance art.

It differs from other forms by its application on wet plaster.

Explanation

Common equity includes common stock and retained earnings, representing shareholders’ ownership.

It reflects the residual interest in the assets after deducting liabilities.

Explanation

Net profit margin = Net profit ÷ Total revenue × 100.

It shows how efficiently a company converts revenue into actual profit.

Explanation

Cash account is an asset and all assets have a debit normal balance.

Therefore, it appears on the debit side of the trial balance.

Explanation

Cash equivalents are short-term, highly liquid investments easily convertible to cash.

They have minimal risk of value change and are recorded at book value.