_____________ is the process of managing the income and expenses of a business firm.

__________________ is basically generating financial information.

__________ is useful to find out tax liability in case of sales tax, income tax, property tax, etc

_______________ cannot remember all the transactions for quite a long time.

_________________ is an art of recording business transactions based on certain principles.

___________ said "Book keeping is an art of recording business dealings in a set of books".

Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.

___________ involves recording business transactions of financial nature in the books of accounts.

When money came into existence, ____________ activities involving money also flourished along with it.

___________ is the process of recording business transactions in the books of accounts in a systematic way.

The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

GAAPs are:

The concept which assumes that a business will last indefinitely is

The profounder of double entry system of book-keeping is ___________

The business is liable to the proprietor of the business in respect of capital introduced by the person according to