MCQs: Financial statements differ from management account because
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MCQs: ________ is a separate legal entity that Total capital can be divided in many shares.
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MCQs: An asset posses which of the following?
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MCQs: Liabilities are which of the following?
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MCQs: ________ is the gross inflow of economic benefits?
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MCQs: The gross decrease in economic benefits for the business are what?
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MCQs: An asset must be _______ by the business to be shown as an asset in its “balance sheet”
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MCQs: Liability are arisen from which of the following events?
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MCQs: Which of the following can be considered as the most important phase of accounting cycle and it is the primarily objective of financial accounting?
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MCQs: Which is the most important characteristic that all assets of a business have?
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MCQs: What is the basic accounting equation?
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MCQs: Which of the following is a liability?
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MCQs: What is equity?
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MCQs: Identify the asset from the following:
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MCQs: _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
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MCQs: Net loss occurs when______________?
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MCQs: Double entry implies that
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MCQs: Identify the nominal account
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MCQs: Which of the following accounts can be classified as a real account?
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MCQs: Transferring entries from journal to ledger account is commonly known as____________?
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