The money values that are assigned to assets are derived from the ——— concept

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____ is an example of accrual concept

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The ———– accounting concept hold that profit is determined by including revenue and costs

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Which record book is used for credit notes received from suppliers relating to goods returned?

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Which account book is written up from copies of the credit notes retained by the seller?

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Which book is used to record goods sold on credit on daily transaction?

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Each page of the ledger is split into ————

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———– often involve trade discount

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———————– is a discount given to a buyer of a commodity.

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—————- is a fundamental equation and is a valuable basis from which to begin understanding the whole process of accounting

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——— is used to record receipts and payment by cheque

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The nature of narration of ————— type of account usually starts with the word being

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