Accounting does not record non-financial transactions because of

Related MCQs

• If two or more transactions of the same nature are journalize together having either the debit or credit account common is known as:
• Writing of the transactions in the ledger is called……………………
• Journal proper uses to record _________________.
• Purchases book is used to record
• The determination of expenses for an accounting period is based on the concept of 3
• As regards the accounting treatment, Legacy should be
• Whenever errors are noticed in the accounting records, they should be rectified.
• At the en d of the accounting year bills receivable discounted were 32,000 would be shown
• Accounting cycle ends with preparation of______________.
• The Consignment Accounting is made on the following basis