Any written evidence in support of a business transaction is called:

Related MCQs

• Any income or profit derived by carrying on the business or during the course of business is called-
• The business will continue to operate for an indefinitely long period in the future, unless there is a good evidence to the contrary this assumption is related to
• The process of recording business transaction in a book of original entry is known as-
• In every business transaction at least ______parties are involved
• If any transaction is not recorded in the primary books the same is recorded in _______
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• Accounts dealing with transaction relating to persons or an organization is called
• If both the aspects of a same transaction appear in one account, it is called _______entry
• Recording of transaction in the journal is called
• Recording of transaction in ledger is called as