The expenses and incomes for the full accounting period must be taken into account while preparing ______

(a)

Final accounts

(b)

Trial balance

(c)

Balance sheet

(d)

Cash book

_____ principle requires that generally the revenue should be recognised in the period in which sale is deemed to have occurred.

(a)

Accounting

(b)

Revenue recognition

(c)

Matching

(d)

None of these

______ earned during the period must be compared with the expenses incurred during the period.

(a)

Incomes

(b)

Revenues

(c)

Profit

(d)

Loss

The unsold goods in stock at the end of the accounting period Is termed as ______

(a)

Opening stock

(b)

Average stock

(c)

Closing stock

(d)

None of these

Outstanding expense account is a representative ______ account.

(a)

Personal

(b)

Real

(c)

Both 'a' and 'b'

(d)

None of these