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