……………….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.

Related MCQs

• …………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.
• Flow of cash is said to have taken place when any transactions makes changes in the amount of ………….before happening of the transactions.
• Which transaction results in flow of funds ?
• Which of the following results in Increase of working capital ?
• Which among the following results in decrease of working capital ?
• ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.
• Increase in Accounts payable when compared to previous year results in …………….of working capital
• ……………..is the process of identifying the financial strengths and weakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account
• In ………………..type of analysis , financial statements for a number of years are reviewed and analyzed.
• ……………..is a tool of management for financial analysis and helps in making decisions.