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WorksheetsFinancial Management-Basic Accounting
Total questions: 10
Worksheet time: 4mins
Its function is to provide quantitative information primarily,financial in nature about economic entities that is intended to be useful in economic decisions.
Financial Management
Accounting
Accounting Principles
Finance
Acquire assets should be recorded at their actual hitorical cost.
Matching Principle
Objectivity Principle
Historical Cost
Revenue Recognition Principle
Records and statements are based on most reliable data available.
Objectivity Principle
Matching Principle
Revenue Recognition Principle
Historical Cost
It is the basic salary device of accounting.
T-Account
Account
Assets
Liabilities
Amount by which total revenues exceeds total revenues.
Revenues
Net Income
Net Loss
Exoenses
Original and additional investments of the owner.
Drawings
Revenues
Expenses
Capital
Intangibles
Cash
Licenses
Patents
Copyrights
Non-Current Assets
Prepaid Expenses
Long Term Investments
Cash Equivalents
Equipment
Current Assests
Cash
Inventory
Prepaid Expenses
Buildings
A contract between the issuer and the lended specifying the terms of repayments and interest to be charged.
Bond
Mortgage
Payables
Revenues
