Which accounting draws the relevant information mainly from financial accounting and cost accounting?
Financial accounting
Cost accounting
Management accounting
None of these
Transactions in which cash is involved in exchange.
Cash transaction
Credit transaction
Barter transaction
Paper transaction
Amount invested by the owner in the firm is known as:
Capital
Revenue
Profit
Drawing
Which one is a documentary evidence in support of a transaction?
Voucher
Bill of exchange
Debtors
Bill receivable
As per which concept, 'transaction in terms of money only' are recorded in the books
Money measurement
Periodicity
Entity
Going concern
Business organisations involves________________ events.
Social events
Economic events
Personal events
Out of the following which one is an Internal user?
Labor unions
Trade associations
Managers
Creditors
Why does a balance sheet always tally?
Dual aspect
Trial balance
Historical cost
State: Capital = ?
Assets - External liabilities.
Fixed Assets - External liabilities.
Cash - External liabilities.
Current Assets - External liabilities.
If Revenue = 7 lakhs, Expenses = 4 lakhs, what is the income?
11 lakhs
3 lakhs
5 lakhs
105 lakhs
