Bookkeeping mainly concerns with which part of accounting process?

Related Mcqs:

Identify the correct sequence of accounting process

A. Communicating→Recording→Identifying B. Recording→Communicating→Identifying C. Identifying→communicating→recording D. Identifying→recording→communicating...

Closing stock is generally valued at______________?

A. Cost Price B. Market Price C. Cost price or Market price whichever is higher D. Cost price or Market price whichever is lower...

Cash received from debtors would be deemed as___________of funds.

A. No flow B. Sources C. Uses D. Gain...

The creation of provision for doubtful debts given as an adjustment requires____________?

A. Debit Profit and Loss Account and deduct the provision from debtors B. Credit Profit & Loss Account and deduct the provision from debtors C. Credit Profit and Loss Account and add the provision to debtors D. Debit Profit & Loss Account and add the provision to debtors...

Which of the following equations is correct?

A. Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock B. Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock C. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales D. Gross Profit – Opening Stock + Direct expenses + Purchases +Closing stock = Sales...