Which of the following is not a sub field of accounting?
Management accounting
Cost accounting
Financial accounting
Book-keeping
On March 1,Sohan paid rent Rs. 5,000.This can be classified as
An event
A transaction
A transaction as well as an event
Neither a transaction nor a event
Journal and ledger record transaction in
a chronological order and analytical order respectively.
an analytical order and chronological order respectively.
a chronological order only
an analytical order only
The sales book is a part of
Journal
Ledger
Balance sheet
The number of production or similar units expected to be obtained from the use of an asset by an enterprise is called
Unit life
Useful life
Production life
Expected life
All of the following are valuation principles except
Historical cost
Future value
Present value
Realisable value
The rent paid to landlord is credited to
Landlord's account
Rent account
Cash account
None of the above