Introduction to...

_______ is concerned with establishment of relationship between items of profit and loss a/c and Balance-sheet and to provide base for interpretation of information.

_______  is concerned with the transmission of summarized, analysed and interpreted information to the end users to enable them to make rational decision.

The correct sequence of accounting process is _________ .

_______ is the process of grouping transactions or entries of same nature at one place.

_______ defined Accounting as the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of a financial character, and interpreting the results thereafter.

________ can be considered as the last stage of accounting process.

________ is the last phase of Accounting process.

Accounting is an art of recording, ________ and ______ in terms of money, transactions and events of a financial character and interpreting the result thereof.

________ is used to mean a happening as a consequence of transaction(s).

Financial statements are used by _______ .