…………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.

Related MCQs

• ……………….is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are in part, at least of financial character and interpreting the results there of.
• Flow of cash is said to have taken place when any transactions makes changes in the amount of ………….before happening of the transactions.
• The Branch of accounting concerned with collection, determining and controlling cost of products and services is called………………
• Cost Accounting and Management Accounting are ……………….. in nature.
• ………..Accounting is concerned with historical data
• Accounting designed to serve parties external to the operating responsibility of the firm is termed as…………….
• Management accounting has a ……….. scope than cost accounting.
• Responsibility Accounting is also called ……………. Accounting
• The objective of financial accounting is to find out…………………..
• While preparing ……………statement, both capital and revenue items are considered.