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  • Question 1
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    Accounting is a language of _________.

  • Question 2
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    Which of the following is the example of external users of accounting information ______________.

  • Question 3
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    Drawings account is to be created by linking with

  • Question 4
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    In general the financial year from shall be from ______________.

  • Question 5
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    _________ refers the amount invested by the owner into business.

  • Question 6
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    State the fundamental steps in the accounting process __________.

  • Question 7
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    Business transaction in which cash is not paid or received immediately is known as ______________.

  • Question 8
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    Determining the debit and credit parts of a transaction is called _______________.

  • Question 9
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    Which of the following show the basic sequence of the accounting process?

  • Question 10
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    The main purpose of ___________ accounting is to ascertain profit or loss during a specific period and to show financial position of the business.

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