Introduction to...

The work of accounting depends upon________. 

Amount received after selling of goods or services is known as _________.

The work of book-keeping is of __________ nature. 

Amount withdrawn by the owner for his personal expenses is called______. 

Total amount of goods and services withdrawn by the proprietor for self use is known as ____________ .

Commodity purchased or produced for sale is known as ____________ .

Excess of revenue over its cost _______________.

__________ is concerned with the preparation and presentation of the classified data in a manner useful to the internal and external users of financial statements.

_______ is the first phase of accounting process.