A. Recording
B. summarizing
C. Grouping
D. Processing
A. Manager of the business
B. CEO of the business
C. Creditor of the business
D. Controller of the business
A. Creditor of the business
B. Government agency
C. Shareholder of the business
D. Manager of the business
A. Identifying an economic event or transaction
B. Preparing journals
C. Posting entries to ledger accounts
D. Making decisions about business
A. They are mainly prepared for external users of financial information
B. They are more complex and hard to prepare
C. The are the summary of accounting data
D. The are prepared on basis of actual concept
A. Partnership
B. Sole proprietorship
C. Company
D. Non-profit organization
A. Future economic benefits for the business
B. All kind of benefits for the business
C. Expenses for the business
D. Merits and Demerits for the business
A. Resources
B. Obligations
C. Future benefits
D. Expenses
A. Assets
B. Liabilities
C. Income
D. Expenses
A. Expenses
B. Obligations
C. Creditors
D. Income or gain