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meaning of set of books in accounting terms



 
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meaning of set of books in accounting terms #1 (permalink) Thu Nov 13, 2008 13:07 pm   meaning of set of books in accounting terms
 

Business English Lesson, Advanced Level

ESL/EFL Test #107 "Accounting terms", question 7

......... accounts are accounts for your sources of business-generated income.

(a) liability
(b) revenue
(c) balance
(d) drawing

Business English Lesson, Advanced Level

ESL/EFL Test #107 "Accounting terms", answer 7

revenue accounts are accounts for your sources of business-generated income.

Correct answer: (b) revenue
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what is exact meaning of set of books in accounting terms?

Liania
Liania
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meaning of set of books in accounting terms #2 (permalink) Sat Nov 15, 2008 3:13 am   meaning of set of books in accounting terms
 

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The records of financial transactions and financial position.
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