Question

What is the basic function of financial accounting is to​

Answer 1

Answer:

1-b

2-a

3-d

4-a

5-c

6-c

7-a

8-b

Answer 2

$\huge\rm{Required\: Answers :}$

• 1 ) Which of the following will not be recorded in books of Accounts ?

B ) Quality of Staff

• 2 ) Basic function of financial accounting is to be ?

A ) Record all business transactions

• 3 ) Which of the following is not a business transaction ?

D ) Purchase for personal use ₹10,000

• 4 ) Capital is

A ) Internal liability

• 5 ) Goods taken by the owner for personal use is

C ) Drawings

• 6 ) Goodwill is an

C ) intangible assets

• 7 ) A person who owes money to the business against goods sold is known as

A ) Debtor

• 8 ) Which of the following is not a fixed asset ?

B ) Bank balance