__________________ is basically generating financial information.

(a)

Accounting

(b)

Accountancy

(c)

Economic

(d)

Book keeping

_____________ is the process of managing the income and expenses of a business firm.

(a)

Economic

(b)

Statistics

(c)

Accountancy

(d)

None of these

____________ is a branch of knowledge.

(a)

Accountancy

(b)

Accounting

(c)

book keeping

(d)

double entry

__________ concept helps in keeping business affairs free from the influence of personal affairs of the owner.

(a)

Business entity

(b)

Money measurement

(c)

Cost

(d)

Dual aspect

According to _____________ concept only business transactions are recorded.

(a)

Dual aspect

(b)

Cost

(c)

Business entity

(d)

Money measurement