1.
Under Accrual Basis of Accounting:
1 out of 10
2.
Under the Cash Basis of Accounting, expenses are recorded:
2 out of 10
3.
Accrual Basis of Accounting recognises:
3 out of 10
4.
Under the Accrual Basis of Accounting, expenses are recorded:
4 out of 10
5.
Accrual Basis of Accounting:
5 out of 10
6.
If a business owner draws an amount for his personal use, it is termed as:
6 out of 10
7.
"A business enterprise will not be sold or liquidated in the near future". This concept is known as:
7 out of 10
8.
In a going concern, the meaning of credibility is:
8 out of 10
9.
Often the Accounting period consists of:
9 out of 10
10.
Liabilities and Capital together are terms as:
10 out of 10
