Our courses offer a good compromise between the continuous assessment favoured by some universities and the emphasis placed on final exams by others.
Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts.
Q1: Working Capital is _____ ?
(a) Current Assets + Current Liabilities
(b) Current Assets / Current Liabilities
(c) Current Assets – Current Liabilities
(d) Current Assets * Current Liabilities
Ans : C
Q2: Process of Recording financial data upto trial balance is ___ ?
(b) Book – Keeping
Ans : b