____ system is an accounting system whereby every transaction that has to be recorded gives rise Posted on:
——- is the main or principal book of account where accounts are maintained for income, assets and expenses. Posted on:
—— concept accommodates all revenues and expenses to be received or charged in a given accounting period irrespective of what is actually received or paid. Posted on:
——- is when profit is understated while all anticipated losses are recognized and taken into the books. Posted on:
