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Discount received is a/an____?
A. Liability
B. Revenue
C. Asset
D. ExpenseDouble entry means _____ ?
A. Entry for two aspects of the transaction
B. Entry at two dates
C. Entry in two sets of books
D. Entry at two endsPerson to whom goods are sold on credit is called _____ ?
A. Seller
B. Creditor
C. Buyer
D. DebtorModern system of book keeping is called _____?
A. Single entry system
B. Italic system
C. American system
D. Double entry systemGoods Return by the customer are termed as_____?
A. Sales return
B. Inventory return
C. Purchase return
D. Customer returnThe maintenance of accounts in a systematic way is called__________?
A. Book Keeping
B. Reading
C. Buyer
D. AuditingAn Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
A. Reading
B. Accountancy
C. Accounting
D. Book KeepingA systematic way to maintain the books of accounts is called_________?
A. Accountancy
B. Book Keeping
C. HRM
D. AuditingThe maintenance of accounts in a systematic way is called ?
A. Accounting
B. Reading
C. Book Keeping
D. Auditing