Finance Accounting

First  step in  accounting  process is   identification of business  transaction  and  events :-

Matching  concept  means  expenses  should be matched with  the revenue   of the period.:-

___________ involves merges and acquisition of firm belonging to the different countries of the world:-

If the Money Discount Rate is 19% and inflation Rate is 12%, then the Real Discount Rate is:-

A receipt and payment account record only non cash  items;-

Which does not effect cash flows Proposal:-

Minimum rate of return that a firm must earn in order to satisfy its investor, is also known as:-

Sales of old newspapers is:-

Any exchange of money  between two parties is called:-

Which method of valuation of goodwill :-

Cost of capital may be defined as:-

In job order costing system , each job  is assigned  a job cost ;-

The rule  debit   all expenses  and   losses and  credit  all income  and gains relates to :

Capital  of the partners  are  maintained by:-

In case of Indivisible projects which one may not give the optimum results:-

At the time of  dissolution  non cash  assets   are transferred  to realization  a/c;-

Which  is  not  a  nominal  account ;-

All listed and traded securities are valued at:-

At the time of admission of  a new  partner, general  reserve is   credited to capital of  old partners ;-

Accounting  is a language of ;-

Loss on realization is  ;-

Royalty is a revenue expenditure to lessor :-

Which assumption says a business entity will not be sold in the near future:-

In compound  entry ;-

Relationship between change in sale and change m is measured by;-