aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Accounting Concepts, Conventions and Standards
  • Which of the following accounting systems produces more a...
Multiple choice

Which of the following accounting systems produces more accurate result of profits or losses?

  1. Cash system

  2. Mercantile system

  3. Both cash and mercantile system

  4. Accounting period concept

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It considers all cash and acrual transactions and thus, is more accurate.

Keep practicing — related questions

  • Which of the following systems of accounting is generally followed by professionals and not by the business...
  • Which of the following terms in software engineering is a representation of a system that enables the analy...
  • Which of the following factors in software maintenance costs is the one that allows to modify one component...
  • Which of the following symbols in data flow diagram are used to represent user interactions with the system...
  • Which of the following fossil fuels was used earlier in railway engines to produce steam to run the engine?
  • Which of the following phases of Rapid Application Development (RAD) of software development includes data ...
  • Which of the following Extreme Programming (XP) practices states that every project contains a system of na...
  • Pollen tube is produced from which of the following?
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Accounting Principles and Practices (2416 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy