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Theory Base of ...

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  • Question 1
    1 / -0

    The business entities follow matching concept mainly to ascertain

  • Question 2
    1 / -0

    Which of the following statement is false regarding the matching concept

  • Question 3
    1 / -0

    Depreciation method is not changed by a firm since last 5 years is an example of ___

  • Question 4
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    Accounting standards are generally referred to as the essence of financial accounting

  • Question 5
    1 / -0

    Vinod sold goods on credit in February and received payment on 31st March. In such a case Revenue is considered to be recognized in the month of

  • Question 6
    1 / -0

    It is necessary to assume Going Concern Concept as it

  • Question 7
    1 / -0

    The following treatment of expenses and revenue are done due to matching principle except

  • Question 8
    1 / -0

    Following are the objectives of accounting standards except

  • Question 9
    1 / -0

    Match the following options are

    a. Accounting period i. events which are of financial nature are recorded
    b. Money Measurement ii. the business will exist for a long period
    c. Going Concern iii. need periodical reports to know the operational result

  • Question 10
    1 / -0

    Going concern assumption tell us the life of the business is

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