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Process of recording, summarizing and reporting a company's business transactions through financial statements is called
- Cost accounting
- Financial accounting
- Advanced accounting
- All of these
- N/A
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Answer: B Explanation: -
How many type of financial accounting
- 2
- 3
- 4
- 5
- N/A
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Answer: A Explanation: -
Income statement is an example of
Cost accounting
Advanced accounting
Financial accounting
All of these
- N/A
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Answer: C Explanation: -
To show financial results at the end of year is called
- Financial accounting
- Cost accounting
- Advanced accounting
- Balance Sheet
- N/A
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Answer: A Explanation: -
Cash and accrual accounting are type of…..
- Cost accounting
- Financial accounting
- Advanced accounting
- All of these
- N/A
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Answer: B Explanation: -
Financial accounting is to prepare …..Reports
- Financial
- Economical
- Both
- None of these
- N/A
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Answer: A Explanation: -
Information about a company's in financial…….. accounts
- Progress
- Performance
- Both
- None of these
- N/A
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Answer: B Explanation: -
Primarily used to convey the financial information about a firm to external parties called …..
- Creditors
- Debtors
- Both
- None of these
- N/A
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Answer: A Explanation: -
Cash method is a type of …….
- Cost accounting
- Financial accounting
- Advanced accounting
- All of these
- N/A
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Answer: B Explanation: -
Accrual method is a type of ……
- Financial accounting
- Cost accounting
- Advanced accounting
- All of these
- N/A
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Answer: A Explanation: