The directive to recognize revenue only when it is reasonably certain of happening and to recognize expenses as soon as they are incurred is known by which principle?

Which source document would be used when inventories are returned to a supplier?

Which account would NOT form part of the Trading Account?

Which of the following is NOT generally used as an alternative name for a 'Balance sheet'?

A check that was received from a debtor was dishonored. How does this transaction affect the debtors control account in the general ledger?

Unexpired costs are represented in the accounts of an accounting entity as...

If Assets totaled $40,000 and Owners Equity is 40% of the total Assets, what is the value of the Liabilities?

Which of the following accounts is NOT a current liability?

Which of the following is NOT a contra account?

Which of the following is the summary of accounts

Which of the following documents would you NOT rely on to originate accounting entries?