5 years ago in Basic Accounting

Choose the incorrect statement

[A] Accounting is the language of business
[B] Transaction are recorded in quantitative terms only
[C] Accounting is the art of recording,classifying and summarizing
[D] Transaction and events of financial character are subject matter of accounting
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trupti sahoo
trupti sahoo - 3 weeks ago

trupti sahoo from Bhubaneswar, India is saying Accounting is the language of business is correct answer

Hemant Jareda
Hemant Jareda - 1 month ago

Hemant Jareda from Mumbai, India is saying Transaction are recorded in quantitative terms only is correct answer

ZA AR
ZA AR - 3 months ago

ZA AR is saying Transaction are recorded in quantitative terms only is correct answer

Sourabh Guntur
Sourabh Guntur - 4 months ago

Sourabh Guntur from Malkajgiri, India is saying Accounting is the language of business is correct answer

Ajay singh rajpoot
Ajay singh rajpoot - 5 months ago

Ajay singh rajpoot from Jaipur, India is saying Transaction are recorded in quantitative terms only is correct answer

Related Questions

Accounting in modern age is regarded as ?

  • [A] The art of recording,classifying and summarizing the business transactions in monetary units
  • [B] The language of business
  • [C] The source of business information
  • [D] All of above

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

Accounting is the process of matching

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