Expenses incurred for acquiring fixed assets.
Revenue expenditure
Capital expenditure
Normal expenditure
Different expenditure
The information is regularly ____________ through accounting reports.
Identified
Organised
Measured
Communicated
Assets acquired with the intention of converting into cash easily.
Fixed assets
Current assets
Intangible assets
Wasting assets
Many users need financial__________ in order to make important decisions.
Identifications
Measurements
Recording
Information
Which are economic resources of an enterprises that can be usefully expressed in monetary terms?
Assets
Liabilities
Sales
Revenues
In which place is sundry debtors shown in a Balance Sheet?
Liability side
Assets sides
Expenses side
Income side
Which means a specifically identified business enterprise?
Entity
Business Entity
Transactions
What are total revenue from goods or services provided to customers called?
Purchases
Capital
Business organisations involves________________ events.
Social events
Economic events
Personal events
None of these
As per which concept of accounting, 'Final accounts' are prepared for each year?
Going concern
Periodicity
Money measurement
