business management

Is a tangible asset

• Goodwill

• Building

• Car

• None of above

Is a bundle of utilities

Meaning of accounting

Evaluate responses using AI:

OFF

Answer explanation

It is an art and science of recording financial transactions

Rule of real account

Evaluate responses using AI:

OFF

Answer explanation

Dr what comes in and Cr what goes out

Accounting period starts from

• 1st january

• 1 April

• 1st May

• None of the above