Revenue income of proprietors capital and loan are not treated as
Expenditure
Asset
Revenue
Liabilities
Assets which are acquired with the intention of converting them in to cash during the normal business operations are_______ asset.
Fixed
Current
Wasting
Intangible
Sale of furniture in exchange of purchase of typewriter is an example of ___________.
Cash
Credit
Barter
Paper
The book keeping function is __________ in nature.
Routine
Clerical
Both a & b
Analytical
Find out the external users of accounting information those having direct interest.
Potential investors
Regulatory agencies
Employees
Creditors
Book in which transaction is written first
Ledger
Journal
Note book
Journal proper
Which system of accounting is followed by government organization
Cash basis
Accrual basis
Credit basis
Debit basis
Information in financial reports is based on _________transaction.
Non economic
Economic
None of these
All of these
Which are total revenue from goods or services provided to customers?
Purchases
Assets
Sales
Capital
Find out the external users of accounting information those having indirect interest in a business organisation.
Customers
Banks
Competitors