Principles of Accounting

Large side

Small side

Both A and B

None of these

Recording of a financial data relating to business transactions

The system in recording, classifying, summarizing data

Interpreting the data for the internal and external users

None of these

Sales journal

General journal

Cash receipt journal

None of these

Increase in asset account and decrease in liabilities

Increase in liabilities accounts and decrease in expense a/c

Increase in asset a/c and decrease in expenses account

Increase in income a/c and decrease in expense account

Transaction

Introduction

Meeting

Seminar

Posting

Journalizing

Entry

Recording

An error omission

An error commission

An error principle

None of these

Credit side

Debit side

Both side

None of these

Artificial person’s accounts

Representative personal account

Nature person’s account

Real accounts

Health of the director of the company

Quality of company’s goods

Value of the plant and machinery

None of these