The revenue expenditure is treated as:
Income
Expense
Profit
Loss
Revenue is also called:
Expenses
Which are the economic resources of an enterprise that can be usefully expressed in monetary terms?
Assets
Liabilities
Sales
Revenues
The excess of expenses is called:
Capital
Discount
Which is a measure of something on hand- goods, spares and other items in a business?
Closing stock
Opening stock
Wages
Stock in hand
Which is the withdrawal of goods by the owner from the business for personal use?
Voucher
Drawing
Purchase
Stock on hand is the amount of goods which are lying unsold as at the end of an accounting period is called:
Semi finished goods
Which accounting assists keeping a systematic record of financial transactions?
Management accounting
Financial accounting
Cost accounting
Audit accounting