Creditors is an example of ______________ liabilities.
Long term
Short term
Fixed
None of these
__________ transactions are those transactions in which cash is involved in the exchange.
Cash
Credit
Barter
Paper
________account is meant for recording all purchases of goods.
Purchase account
Sale account
Purchase return account
Sales return account
All income earned as a result of operation of business are called ____________.
Revenue
Expenditure
Asset
Liabilities
Find out the intangible assets from the following.
Stock
Debtors
Copyrights
Prepaid expenses
____________ refers to the entire body of the theory and practice of accounting.
Accountancy
Book keeping
Arithmetic
Accounting information is used by different groups of people ____________ of enterprise.
Inside
Outside
Both a & b