Reference no: EM13844743

Fill in the blanks with appropriate words:

i. Scope of accountancy is....................................... than that of book keeping.

ii. Book keeping is a systematic record of all ....................................transactions.

iii. Accounting records can be produced as.................................in a court of law.

iv. Information in financial reports are based on.................................transactions.

v. The process of accounting starts with.............................and ends with............................

vi. Accounting measures the business transactions in terms of.................................units.

vii. Identified and measured economic events should be recorded in............................order.

viii. In every transaction, at least...................................parties are involved.

ix. Accounting information should be...............................

x. ..............................is the language of business.