Income statement matches the …………… incurred in the accounting year

Related MCQs

• Cost Accounting and Management Accounting are ……………….. in nature.
• Management accounting has a ……….. scope than cost accounting.
• Responsibility Accounting is also called ……………. Accounting
• …………….is the amount of expenditure [actual or notional] incurred on or attributable to a given thing.
• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• ……………..type of analysis is based on the data from year to year rather than on one date, and also termed as dynamic analysis.
• Cash flow statement is a statement which describes inflows and outflows of……
• …………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.
• The Branch of accounting concerned with collection, determining and controlling cost of products and services is called………………
• Which among the following do not belong to the category of Accounting ?