Accounting is the process of matching Options: A . &nbspBenefits and costs B . &nbspRevenues and costs C . &nbspCash inflows and outflows D . &nbspPotential and real performance

Accounting is the process of matching

Question

Accounting is the process of matching

Options:

A . Benefits and costs

B . Revenues and costs

C . Cash inflows and outflows

D . Potential and real performance

Answer: Option B

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Question 1. Which of the following event is subject matter of Accounting?....

Question 2. Which one of the following accounting equations is correct?....

Question 3. Purchase book is maintained to record....

Question 4. Those transactions for which there is no separate book, are recorded in the....

Question 5. A document sent to customer when he returns the goods is called....

Question 6. The person from whom the goods are purchased on credit are called....

Question 7. Which of the following sets of expense are the direct expense of business?....

Question 8. The accounting equation is based on....

Question 9. Suspense account given in the trial balance will be entered in the....

Question 10. Different accounting policies can be adopted in the following area(s)....

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