The systems of accounting are _____________?

A. Two
B. Three
C. Five
D. Six

There are two systems of Accounting:
1. Cash System of Accounting
2. Mercantile or Accrual System of Accounting

The correct answer to the question: "The systems of accounting are _____________?" is "Two".

5 Comments

Fazle Subhan on 24/10/2017 12:52 PM
Total depreciation of an asset cannot exceed its market value.
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