_________ is the evidence that a transaction took place?
A. Source documents B. Ledger C. Bonds D. Journals
accounting-mcqs
accounting-mcqs
________ is a separate legal entity that Total capital can be divided in many shares.
A. Partnership B. Sole proprietorship C. Company D. Non-profit organization
accounting-mcqs
________ is the gross inflow of economic benefits?
A. Assets B. Liabilities C. Income D. Expenses
accounting-mcqs
________ is the common base for preparing a trial balance?
A. Ledger accounts B. General Journal C. Specialized journals D. Balance sheet
accounting-mcqs
_______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
A. Depreciation B. Drawings C. Outflow of cash D. Appreciation