Which accounting deals with sales forecast and cash flows information?
Cost accounting
Financial accounting
Management accounting
None of these
Amount invested by the owner in the firm is known as________.
Capital
Revenue
Profit
Drawing
Which means qualification of business transaction into financial terms by using monetary unit?
Identification
Measurement
Organisations
Communications
Which of the following is not an accounting principle?
Going concern
Dual aspect
Historical cost
Revenue recognition
What refers to a business enterprises, whether for profit or not for profit motive?
Economic events
Organisation
Interested users of information
Which concept of accounting speaks about the continuity of business ?
Money measurement
Entity
Periodicity
Which one is a revenue?
Discount paid
Stock
Voucher
Royalties
Which is called spending money or incurring a liability for some benefit or service received?
Expenditure
Expense
Loss
Gain
Assets acquired with the intention of converting into cash
Fixed assets
Current assets
Intangible assets
Wasting assets
Many users need financial__________ in order to make important decisions.
Identifications
Measurements
Recording
Information
