type of transaction, the basic principles of accounting, accounting concepts

Transactions that occur daily at a company called ...... accounting.
a. object
b. aspect
c. subject
d. principle
e. concept.

Transactions involving parties outside the company is ...
a. depreciation of equipment
b. revenues
c. elimination of trade receivables
d. the use of equipment for businesses
e. company owner's personal collection.

The concept of the cash basis of accounting principles is ...
a. recording transactions in the event of
b. presentation of periodic reports prepared
c. recording transactions when receiving money
d. separate entity between personal and company interests
e. would benefit if the company receives revenues greater than expenses.

One concept in accounting is a business entity. Entity concept states that the company's financial interests should be separated from ...
a. owner
b. manager
c. employee
d. government
e. other companies.

The company sold the building to pay off debts. The assets sold is a group ...
a. fixed assets
b. current assets
c. wealth is not fixed
d. the company's inventory
e. Investment company owner.

Income of a company is ...
a. settlement of accounts receivable
b. capital increase for the owner's investment
c. the value of the company's assets in a given period
d. capital increase for the company's operations
e. capital increase due to payment of capital owners.

Notice what happens to the income account of a company following!
1) interest income
2) revenues
3) commission income
4) trading income
5) the sale of the building.
Based on the above account which includes revenues outside of the business is ...
a. 1 and 2
b. 1 and 3
c. 1 and 4
d. 2 and 4
e. 4 and 5.

The following accounts that belonged debt is ...
a. revenue
b. bank interest income
c. unearned income
d. lending money to the banks
e. credit guarantee immovable object.