Principle Of Accounting

Question Suppliers’s personal accounts are found in the ledger Answer Purchases ledger Question When there is a difference in the trial balance and it cannot be resolved before the preparation of the final accounts it is taken to………… Answer Suspense acct Question All the following are assets except Answer Accrued Expenses Question ………… Is a

Question Profit is maximised when ——- Answer MR = MC Question The amount the firm receives for a typical unit is known as the ——- Answer average revenue Question There are —– basic types of market structures by traditional economic analysis Answer 4 Question The revealed preference theory makes —– assumptions Answer 2 Question The