The accounts that records expenses, gains and losses are

Related MCQs

• The rule debit all expenses and losses and credit all income and gains relates to
• Real accounts records
• The transferring of debit and credit items from journal to the respective accounts in the ledger is called as
• The purpose of financial accounts is reporting to
• Profit and loss is calculated at the stage of
• An accounting that deals with the accounting and reporting of information to management regarding the detail information is