Business organisations involves________________ events.
Social events
Economic events
Personal events
None of these
Which accounting assists in analysing the expenditure for ascertaining the cost of various products manufactured or services?
Financial accounting
Cost accounting
Management accounting
Social responsibility accounting
Book in which transaction is written first.
Ledger
Journal
Note book
Journal proper
The excess of expense over income is called:
Profit
Capital
Loss
Discount
Which aspect of the accounting information helps the user to depend on the information provided?
Reliability
Relevance
Understandability
Comparability
As per which accounting principle financial statements need full disclosure?
Principle of dual aspect
Historical concept
Principle of full disclosure
Matching
State: Income = ?
Revenue - Expense
Expense - Revenue
Revenue - Loss
Which one reduces the investment of the owner?
Profits
Purchases
Drawings
Sales
Persons who have to pay an enterprise an amount for providing the enterprise goods on credit are known as:
Debtor
Creditor
Share holders
Debenture holders
Which one decreases owner's equity?
