
Accounting for Partnership Firms Basic concepts Part -2
Authored by p2l iitm
Business
12th Grade
Used 2+ times

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8 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The users of accounting are _________ and external.
2.
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45 sec • 1 pt
Accounting records all the transactions which can be expressed ________________.
3.
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30 sec • 1 pt
The creditors are interested to know the ________of the business.
4.
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1 min • 1 pt
The main purpose of_____________ and accounting is to furnish the necessary financial data to the persons interested in the business.
5.
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1 min • 1 pt
_____________________ refers to the recording of daily business financial transaction.
6.
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1 min • 1 pt
The accounting which provides the necessary information to the management is called _____________________.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Every financial transaction of the business has ___________ and recorded at two places.
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