7 years ago in Basic Accounting

Choose the incorrect statement

[A] Accounting is the language of business
[B] Transaction are recorded in quantitative terms only
[C] Accounting is the art of recording,classifying and summarizing
[D] Transaction and events of financial character are subject matter of accounting
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Incorrect 104
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Answers

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NOORHUSNA HASHIM
NOORHUSNA HASHIM - 2 weeks ago

NOORHUSNA HASHIM is saying Accounting is the language of business is correct answer

khs kaushik
khs kaushik - 5 months ago

khs kaushik from Hyderabad, India is saying Transaction are recorded in quantitative terms only is correct answer

GAYATRI KSHATRIYA
GAYATRI KSHATRIYA - 8 months ago

GAYATRI KSHATRIYA from Khopoli, India is saying Transaction are recorded in quantitative terms only is correct answer

Suchi Pandya
Suchi Pandya - 8 months ago

Suchi Pandya from Nadiad, India is saying Transaction and events of financial character are subject matter of accounting is correct answer

trupti sahoo
trupti sahoo - 1 year ago

trupti sahoo from Bhubaneswar, India is saying Accounting is the language of business is correct answer

Related Questions

......... of American Institute of Certified Public Accountants enumerated the functions of Accounting ?

  • [A] Accounting Principals Board
  • [B] Accounting Standards Board
  • [C] Accounting Concepts Board
  • [D] None of above

Choose the correct statement

  • [A] Keeping systematic recording of business transaction is not the function of financial accounting
  • [B] Accounting is concerned with monetary transactions
  • [C] Accounting is concerned with past as well as future events
  • [D] Business and Businessman are one and the same from accounting point of view

Accounting in modern age is regarded as ?

  • [A] The art of recording,classifying and summarizing the business transactions in monetary units
  • [B] The language of business
  • [C] The source of business information
  • [D] All of above