Introduction to...

_______ is/are sub-field(s) of Accounting.

Which of these would be considered as external user of the financial statements?

Which branch of Accounting is concerned with ascertainment and control of cost of business activities?

_______ is used to an economic event in accounting.

Which branch of Accounting caters to information requirement of external users of financial statements?

Gopal Sons starts a business by investing Rs. 15 lakh and purchases goods worth Rs.12.5 lakh. At the end of the year he is left with a profit of Rs.1,50,000. The surplus profit of Rs.1,50,000 is a /an_________.

Which of the following would be considered as an internal user of the financial statements?

_______ is/are sub-field of Accounting.

Which of these statements is true about book keeping?

If presentation of financial information/statement or accounting policy is designed with a pre-designed motive to influence the decision-making or judgement or achieve a pre-determined result or object, the financial statement are not said to have satisfied the criteria of ___________.