Q43.Which of the following statements is correct: (1) Accounting is a part of book-keeping. (2) Book Keeping is a part of Accounting. (3) Book keeping is not a part of accounting. (4) The term book-keeping and accounting can be used interchangeably. Answer Book Keeping is a part of Accounting. Related Questions on Theory Base of … Read more
Q42.Identified and measured economic events should be recorded in _ order. (1) Financial (2) Chronological (3) Monetary (4) Proper Answer Chronological Related Questions on Theory Base of Accounting Q43.Which of the following statements is correct: (1) Accounting is a part of book-keeping. (2) Book Keeping is a part of Accounting. (3) Book keeping is not … Read more
Q41.The Trading and Profit and Loss Account is prepared under which attribute of accounting: (1) Recording (2) Summarising (3) Analysis and Interpretation (4) Classifying Answer Summarising Related Questions on Theory Base of Accounting Q42.Identified and measured economic events should be recorded in _ order. (1) Financial (2) Chronological (3) Monetary (4) Proper Answer Chronological Q43.Which … Read more
Q40.Salary A/c is related to (1) Real A/c (2) Personal A/c (3) Capital A/c (4) Nominal A/c Answer Nominal A/c Related Questions on Theory Base of Accounting Q41.The Trading and Profit and Loss Account is prepared under which attribute of accounting: (1) Recording (2) Summarising (3) Analysis and Interpretation (4) Classifying Answer Summarising Q42.Identified and … Read more
Q39.During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept: (1) Matching (2) Conservation (3) None of the above (4) Accounting period Answer Accounting period Related Questions on Theory Base of Accounting Q40.Salary A/c is related to (1) Real A/c (2) Personal A/c (3) Capital A/c (4) Nominal … Read more