5 years ago in Basic Accounting

Choose the correct statement

[A] Keeping systematic recording of business transaction is not the function of financial accounting
[B] Accounting is concerned with monetary transactions
[C] Accounting is concerned with past as well as future events
[D] Business and Businessman are one and the same from accounting point of view
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trupti sahoo
trupti sahoo - 3 weeks ago

trupti sahoo from Bhubaneswar, India is saying Keeping systematic recording of business transaction is not the function of financial accounting is correct answer

Sourabh Guntur
Sourabh Guntur - 4 months ago

Sourabh Guntur from Malkajgiri, India is saying Accounting is concerned with past as well as future events is correct answer

Ajay singh rajpoot
Ajay singh rajpoot - 5 months ago

Ajay singh rajpoot from Jaipur, India is saying Business and Businessman are one and the same from accounting point of view is correct answer

Venkata Sreenivas
Venkata Sreenivas - 8 months ago

Venkata Sreenivas from Winter Springs, United States is saying Accounting is concerned with past as well as future events is correct answer

Rizqy Raihan
Rizqy Raihan - 10 months ago

Rizqy Raihan from Jakarta, Indonesia is saying Keeping systematic recording of business transaction is not the function of financial accounting is correct answer

Related Questions

Management Accounting

  • [A] Is a clerical work
  • [B] Is accounting for future
  • [C] Is a recording technique of the management related transactions
  • [D] Is an analysis of the past business activities

Which of the following event is subject matter of Accounting ?

  • [A] Death if key executive of the business/company
  • [B] Strike of workers
  • [C] Payment of Rs.10,000 to bank in discharge of outstanding loan
  • [D] Marriage of the daughter of the Managing Director of the Company

Accounting is the process of matching

  • [A] Benefits and Costs
  • [B] Revenues and Costs
  • [C] Cash inflows and outflows
  • [D] Potential and real performance

Accounting is defined as ?

  • [A] An art of recording,classifying and summarizing in a significant manner and in terms of money,transactions and events which are in part at least,of a financial character and interpreting the results thereof.
  • [B] A systematic and regular record of events clear financial picture
  • [C] A method of ascertaining profits & loss
  • [D] Noting but book keeping