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The accounts of expenses, incomes, losses and gains
Events which are related with money are called:
Non – monetary events
Modern system of bookkeeping is
none of these
double entry system
single entry system
A dealing between two persons is called a
Goods returned by customers are
The errors in which amount have occurred on the opposite sides of two or more accounts and have concealed themselves in the net result, are:
Error of principle
Errors of omission
Errors of commission
The accounts of assets and properties
A basis of business languages
For every debit, there is a credit
dual aspect concept
going concern concept
Journal shows all necessary information regarding.
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