_________ is the first phase of accounting cycle?

Related Mcqs:

Financial accounting provides financial information to all of the following external users except:

A. Government agencies B. investors C. Creditors D. Managers...

Which of the following accounts will be credited if a company purchases building for cash?

A. Capital account B. Fixed assets account C. Building account D. Cash account...

The closing balance of a petty cash book is a / an___________?

A. Liability B. Gain C. Assets D. Loss...

A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car?

A. Loss of 20,000 B. Loss of 22,000 C. Loss of 11,000 D. Profit of 11,000...

Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?

A. Business entity concept B. Money measurement concept C. Going concern concept D. Matching concept...