Financial State...

__________ are costs which have been applied against revenue of particular accounting period.

Wages paid to workers must be debited to _________ account.

Goods destroyed by fire should be credited to______.

The balance sheet is a __________ of the assets, liabilities and capital of concern as on particular date.

The take over of a company in which most of the purchase price is paid with borrowed money is referred to as __________.

Balance Sheet is a statement of ________.

Legacies are generally __________.

Which financial statement represents the accounting equation:
ASSETS = LIABILITIES + OWNER'S EQUITY?

Balance sheet is a(n) ____.

Investment of X company , profit in shares of other company PQR Pvt. Ltd are recorded in ________