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Theory Base of ...

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  • Question 1
    1 / -0

    Match the following:

    1. Small firmsa) subsidiary books system
    2. Bigger firmsb) journal system
    3. Basis for accountingc) money measurement
    4. Balance sheetd) financial position of the business

  • Question 2
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    Which concept is not related to identification, measurement and recording of financial transactions __________________.

  • Question 3
    1 / -0

    Concepts related to income measurement and preparation of financial statements ___________.

  • Question 4
    1 / -0

    The term 'single entry' means ______________.

  • Question 5
    1 / -0

    Double entry system was invented by __________.

  • Question 6
    1 / -0

    Going concern concept is important for ___________.

  • Question 7
    1 / -0

    Which is the basis for several business transaction?

  • Question 8
    1 / -0

    Which of the following is/ are fundamental concepts?

  • Question 9
    1 / -0

    The basis for double entry system of book keeping which is universally used is __________.

  • Question 10
    1 / -0

    The accounting entity may be _________.

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