Accounting provides information on
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Accounting
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The long term assets that have no physical existence but are rights that have value is known as
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The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
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Patents, Copyrights and Trademarks are
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The debts which are to be repaid within a short period (year or less) are known as
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The sales income (Credit and Cash) of a business during a given period is called
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Any written evidence in support of a business transaction is called
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The account that records expenses, gains and losses is
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Real account records
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In Journal, the business transaction is recorded
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The following is (are) the type(s) of Journal
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The process of entering all transactions from the Journal to Ledger is called
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The following is a statement showing the financial status of the comapany at any given time
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The following is a statement of revenues and expenses for a specific period of time
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Balance sheet is a statement of
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Balance sheets are prepared
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The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources
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The measure of how efficiently the assets resources are employed by the firm is called
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The following is (are) the current liability (ies)
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Current ratio =
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