Accounts - Principles of Accounts Past Questions and Answers

In preparing accounting records, the<br/>owners of a business and the business are treated as _____

One of the major features of bookkeeping is that it _____

The accounting principle which states that for every debit entry, there is a corresponding credit entry is recognized as ____ concept.

The art of collecting, recording, presenting and interpreting accounting data is ___

The assumption that a business has perpetual existence is recognized by ___