Which means a specifically identified business enterprise?
Entity
Business Entity
Transactions
Revenues
Which accounting deals with decision making, planning and controlling business operation?
Management accounting
Financial accounting
Cost accounting
Tax accounting
As per which principle of accounting assets acquired are recorded at cost price?
Historical cost
Going concern
Revenue recognition
Dual aspect
Which of the following is not a basic assumptions of accounting?
Accounting entity
Money measurement
Materiality
Which aspect of the accounting information helps the user to depend on the information provided?
Reliability
Relevance
Understandability
Comparability
The information is regularly ____________ through accounting reports.
Identified
Organised
Measured
Communicated
Temporary marketable seculities are:
Current assets
Fixed assets
Preliminary expences
Fiticious assets
Which accounting assists keeping a systematic record of financial transactions?
Management A/c
Financial A/c
Cost A/c
Tax A/c
Which accounting principle speaks that the accounting data should be verifiable?
Principle of verifiability and objectivity
Trial
Assets whose value goes on declining with the passage of time are known as:
Wasting assets
Intangible assets