Lesson No. 2 – Financial Accounting Course 2019 – Forms of Accounting Welcome to your Lesson No. 2 - Financial Accounting Course 2019 - Forms of Accounting Name eMail Mobile Which of the following is the basis of accounting? Book-keeping Financial Accounting Cost Accounting Management Accounting The amount that person invest into the business is known as __________ . Income Expenses Sales Capital The costs incurred to earn revenue or sales is known as __________ . Income Expenses Sales Capital The activity in which business offer product and services to its customer is known as __________ . Income Expenses Sales Capital For calculating Profit which of the following equation follows: Sale – Expenses = Profit Income – Expenses = Profit Capital – Expenses = Profit None of the given options Leave a Reply Cancel reply Save my name, email, and website in this browser for the next time I comment.