The maintenance of accounts in a systematic way is called__________? April 20, 2025 by admin A. Accounting B. Reading C. Book Keeping D. AuditingThe correct answer to the question: "The maintenance of…
Goods Return by the customer are termed as : April 20, 2025 by admin A. Purchase return B. Customer return C. Sales return D. Inventory returnThe correct answer to the question: "Goods Return…
Modern system of book keeping is called______________? April 20, 2025 by admin A. Double entry system B. American system C. Single entry system D. Italic systemThe correct answer to the question: "Modern system…
The person to whom goods are sold on credit is called___________? April 20, 2025 by admin A. Buyer B. Seller C. Debtor D. CreditorThe correct answer to the question: "The person to…
Double entry means______________? April 20, 2025 by admin A. Entry in two sets of books B. Entry at two ends C. Entry at two dates D. Entry for two aspects of the transactionThe correct answer…
Discount received is a/an: April 20, 2025 by admin A. Asset B. Expense C. Liability D. RevenueThe correct answer to the question: "Discount received is…
The amount invested by the proprietor to start the business is called: April 20, 2025 by admin A. Capital B. Business C. Drawings D. All of themThe correct answer to the question: "The…
Obligation of the Business are known as___________? April 20, 2025 by admin A. Liabilities B. Revenues C. Expenses D. AssetsThe correct answer to the question: "Obligation of the…
Goods return to supplier are known as:__________? April 20, 2025 by admin A. Merchandise return B. Purchase return C. Return inwards D. Sales returnThe correct answer to the question: "Goods return…
The excess of current assets over current liabilities is called: April 20, 2025 by admin A. Working Capital B. Circulating capital C. Fixed capital D. Trading capitalThe correct answer to the question: "The excess…
