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Liability accounts will normally have __________ balances.
none of the options are correct
credit
debit
equal
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______ is the art of recording, classifying and summarizing the transactions and events of a business and interpreting the results thereof.
Book-keeping
Auditing
Accounting
Managing
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In order to achieve the stated objectives, an organization requires utilizing its ______ in the best possible manner.
financial
human
other resources
all the options are correct
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Book keeping is the science and art of correctly recording in books of accounts, all those business transactions that result in the transfer of money or money worth." Who gave this definition?
J. R. Batliboi
Rosenkamp
A.N. Agrawal
R.N. Carter
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"Book- keeping is the art of recording business dealings in a set of books." Who gave this definition?
A.N. Agrawal
J. R. Batliboi
R.N. Carter
Rosenkamp
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Which one of them is the objective of book-keeping?
To supply information
To keep permanent records
All the options are correct
To classify transactions
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