Q.1.
The account used to summarize the owner's equity in a business
Q.2.
The amount in an account
Q.3.
An increase in owner's equity resulting from the operation of a business
Q.4.
How would an accountant record an increase in sales?
Q.5.
How would an accountant record an increase in cash?
Q.6.
To whom is the Audit report addressed to
Q.7.
An asset must be ________ by the business to be shown as an asset in its balance sheet.
Q.8.
The natural, plant-synthesized dietary source of vitamin K is _________.
Q.9.
How to calculate gross profit on the income statement?
Q.10.
If the business sold good on credit to Sam, which account will be credited?
Q.11.
Double entry for drawings.......