Branches not keeping full system of accounting is called

Related MCQs

• Branches not keeping full system of accounting is called________.
• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• The system of keeping accounts generally adopted by small size branches are:
• Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
• To convert the accounts prepared on cash system of accounting into mercantile system of accounting, which of these adjustments is not necessary
• Single entry system of book keeping system
• General rules that are used as a guide in accounting and as a basis of accounting practices are called:
• The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is
• Accounting Standard 1 requires the significant Accounting Policies to
• Any change in the accounting policy relating to inventories which has a material effect in the current or later periods should be disclosed. This is in accordance with the accounting principle of: