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Commerce · Q1471

Accounting

Graduate and Post Graduate · Commerce · question 1471

Q1471

Which of the following statements is not correct?

A.
The amount received by selling goods and services is called revenue
B.
The money invested by owner in the business is called capital
C.
The grouping of transaction of same nature at one place is called recording
Answer
D.
Assets - External liablities = capital

Answer: Option C

Solution

Answer: Option C
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