Credit note
Debit note
Invoice
Voucher
Correct answer is A
No explanation has been provided for this answer.
The instrument that are generated when firms enter into business transactions with others are called
Purchase document
Journals
Source documents
Invoices
Correct answer is C
No explanation has been provided for this answer.
Creditors use Accounting information for the purpose of
Planning sales to a company
Controlling a company's affairs
Investing in a company
Assessing a company's liquidity
Correct answer is D
No explanation has been provided for this answer.
In preparing accounting records, the owner of a business and the business are treated as
The same person
Having business relationship
Separate legal entities
Partners
Correct answer is C
No explanation has been provided for this answer.
The most important reason for studying accounting is that
The information provided by accounting is useful in making decision
Accounting plays an important role in the society
The study of Accounting leads to challeging career
Accounting provides gross profit information
Correct answer is A
No explanation has been provided for this answer.