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Q. Persons who start a company are called ……………….

Q. Double entry system was propounded by

Q. When the benefits of revenue expenditure is available for a period of two or three years, the expenditure is known as-

Q. Capital can be obtained by preparing:

Q. Which of the following factors are primarily considered to determine the economic life of an asset?

Q. the depreciation charged on an asset is debited to

Q. If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for :

Q. Which of the following is a liability of a firm?

Q. The term amortization applies to decrease in book value of