All the transactions measurable in the terms of money are recorded in accounts is according to
A) business entity concept
B) going concern concept
C) money measurement concept
D) accounting period concept
Correct Answer:
Verified
Q2: Dividing the expenditure into capital and revenue
Q3: While putting the value or price of
Q4: Co-operative societies is an example of
A)personal account
B)real
Q5: Outstanding salary account is a
A)natural personal account
B)artificial
Q6: Interest earned is a
A)personal account
B)real account
C)nominal account
D)representative
Q7: Commission paid is a
A)personal account
B)real account
C)nominal account
D)representative
Q8: Trading account is a
A)personal account
B)real account
C)nominal account
D)representative
Q9: Profit and loss account is a
A)personal account
B)real
Q10: All revenue incomes are credited to
A)manufacturing account
B)trading
Q11: In profit and loss account, if credit
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