In accounting an Economic event is referred to as:

Related Mcqs:

________ is a separate legal entity that Total capital can be divided in many shares.

A. Partnership B. Sole proprietorship C. Company D. Non-profit organization...

Payment of expenses will ______ the assets

A. Increase B. Reduce C. apportion D. Overstate...

Credit balance as per Cash Book mean____________?

A. Surplus cash B. Bank overdraft C. Terms deposits with bank D. None of these...

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...

Which of these is not an essential feature of a bill of exchange?

A. Unconditional B. Certainty of amount C. In writing D. Amount to be paid in foreign currency...