Which one of the following is the Internal event?
Supply of raw material
Sale of Reebok shoes to the customers.
Payment of monthly rent to the landlord
Purchase of materials from suppliers.
Amount invested by the owner in the firm is known as________.
Capital
Revenue
Profit
Drawing
Which one of the following is the objective of accounting?
Depiction of financial position
Identification
Measurement
Recording
As per which principle 'the expenses be recognized in the period of associated revenue'.
Matching cost and revenue
Historical
Dual concept
None of these
As per which accounting principle financial statements need full disclosure.
Principle of dual aspect
Historical concept
Principle of full disclosure
Matching
Which principle speaks about the time for recognizing revenue or income.
Dual aspect
Historical cost
Revenue recognition
On what basis of accounting only cash transactions are recorded.
Accrual basis
Cash basis
Credit basis
Debit basis
As per which principle of accounting only important facts are to be recorded in the books .
Materiality
Going concern
Which of the following is not an accounting principle?
Who are internal users?
Creditors
Plant manager
Tax Authorities
Register of Companies
