Introduction to...

Which of the following is a cash transaction?

The Double Entry System of accounting originated in _________.

When information about two different enterprises has been prepared and presented in a similar manner, the information exhibits the characteristics of _______________.

Two primary qualitative characteristics of financial statements are _________.

Which of the following are users of accounting information?

On March 31, there is closing stock of Rs. $$10,000$$. This can be classified ________________.

Ram purchased goods of Rs. $$10,000$$. This can be classified as _________.

In order to enable retailer earn profit and still sell goods at the list price, the manufacturers frequently grant them substantial reduction from the list price. Such a reduction in price is called ____________.

Which of the following groups/ parties are interested in the accounting information of the business?

Purchase include ______________.