All those to whom business owes money are:
A) Debtors
B) Investors
C) Creditors
D) Shareholders concept
Correct Answer:
Verified
Q6: The nature of financial accounting is:
A)Historical
B)Forward looking
C)Analytical
D)Social
Q7: The main object of cost accounting is:
A)To
Q8: Accounting principles are generally based upon:
A)Practicability
B)Subjectivity
C)Convenience in
Q9: The system of recording based on dual
Q10: P & L a/c is prepared for
Q12: Bookkeeping is a/an……………………of correctly recording of business
Q13: The purpose of financial accounts is reporting
Q14: Accounting principles are divided into two types.
Q15: A statement containing the various ledgers balances
Q16: The transferring of debit and credit items
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