Basic Accounting Online Test

 
Sales to Ram Rs. 450 posted to his account as Rs. 550 would affect
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Which of the following accounts is prepared to find out the cost of production?
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___ concept implies that each transaction and event must be expressible in monetary te rms
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According to the money measurement concept, which transaction will be recorded in the books of the account?
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A process of accounting that recognizes the impact of transactions on the financial statements in the time periods when revenues and expenses occur instead of when cash is received or disbursed is called ___ basis
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Any form of accounting which enables a business to be conducted more efficiently can be regarded as ___ accounting.
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The___ accounting system provides a system of checks and b alances
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Preliminary expenses are an example of
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Repair incurred for using a second-hand car purchased recently
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Trial Balance contains the balances of
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