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Introduction to Accounting Test - 3

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Introduction to Accounting Test - 3
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  • Question 1
    1 / -0

    The fundamental convention of accounting that necessitates the recognition of all aspects of an accounting transaction is known as

  • Question 2
    1 / -0

    The monetary value of the reputation of a firm as measured in terms of its expected profit is called

  • Question 3
    1 / -0

    The main book of accounts in which all the business transactions are recorded first is called

  • Question 4
    1 / -0

    The expenditure incurred to acquire goods for resale is known as

  • Question 5
    1 / -0

    Accounting information is affected by

  • Question 6
    1 / -0

    Accounting information of a company is communicated to the stakeholders through which of the following?

  • Question 7
    1 / -0

    According to which of the following concepts, accounts must be honestly prepared and they must disclose all material information?

  • Question 8
    1 / -0

    Some assets that appear in the balance sheet, may have no physical form or real value but represent actual cash expenditure. Such assets are known as

  • Question 9
    1 / -0

    Customs which guide or direct on how to prepare and maintain accounts are known as

  • Question 10
    1 / -0

    Goodwill is a ________ asset to a business.

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