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CHAPTER

  • An Introduction to Business and Accounting

CONTENT

  • Accounting
  • BOOKKEEPING

EXAMPLE

  • BALANCE SHEET SIMPLE
  • INCOME STATEM SIMPLE

EXERCISE

  • Category
  • QUESTION-1

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Category

Goods sold on cash and carry basis returned by a customer are accounted for by

hout sophat 0 April 29, 2022
Category

A business purchases 10,000,000 KHR of goods on credit.

hout sophat 0 April 29, 2022
Category

Mr A purchased goods on credit from Mr B but then returned them as they were faulty.

hout sophat 0 April 29, 2022
Category

What is the cardinal rule of the double entry system?

hout sophat 0 April 29, 2022
Category

The equity capital of a business would change as a result of:

hout sophat 0 April 29, 2022
Category

The accounting equation can be rewritten as

hout sophat 0 April 29, 2022
Category

Which of the following provides the correct formula to find the drawings of the proprietor of a business during a given period?

hout sophat 0 April 29, 2022
Category

The equity capital of a business would change as a result of:

hout sophat 0 April 28, 2022
Category

Applying the accounting equation, which of the following might also occur when the amount of a liability of a business entity is increased?

hout sophat 0 April 28, 2022
Category

The main aim of accounting is to

hout sophat 0 April 28, 2022
Category

When an item of expense is capitalised, it is:

hout sophat 0 April 28, 2022
Category

Which of the following groups of external users of financial statements need financial information about a company to assess its ability to pay dividends in the future?

hout sophat 0 April 28, 2022
Category

Which of the following equations could be used to determine closing net assets?

hout sophat 0 April 28, 2022
Category

If the opening capital is higher than the closing capital, the business has made

hout sophat 0 April 28, 2022
Category

The following are opening balances in the ledger accounts of Doodle Limited:

hout sophat 0 April 28, 2022
Category

Which of the following is used to derive a sole trader’s net profit for a period?

hout sophat 0 April 28, 2022
Category

In accounting

hout sophat 0 April 28, 2022
Category

Which of these statements CANNOT be defined as income?

hout sophat 0 April 28, 2022
Category

A present obligation of an entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits, is known as

hout sophat 0 April 28, 2022
Category

Which of the following describes an accounting year?

hout sophat 0 April 28, 2022
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