Financial statements are the part of _________
A) Book- keeping
B) Accounting
C) None of the abov
Correct Answer:
Verified
Q46: Transaction& events not capable of being expressed
Q47: Income is measured on the basics of
A)Entity
Q48: The policy of anticipate no profit and
Q49: In every business transaction at least _parties
Q50: Accounts receivable normally has _ balance
A)Credit
B)Debit
C)Negativ
Q52: Bank account is a _
A)Personal accounting
B)Real account
C)Nominal
Q53: Cost of goods old can be calculated
Q54: Capital expenditure are recorded in the _
A)Balance
Q55: Nominal accounts are related to
A)Assets& liability
B)Expenses &
Q56: Sales journal is used for recording
A)Cash sales
B)Credit
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