Theory Base of ...

According to which of the following concepts even the owner of the business who provides capital is treated as a creditor of the business?

According to the going concern concept, a business entity is assumed to have ______.

What does GAAP represents?

An expenditure is treated as capital nature, when it ________________.

Double entry principle means ___________.

The system of recording transactions based on dual aspect concept is called __________.

Accounting for amalgamation is given in _________.

Qualitative transactions are not recorded in accounts due to _________.

Contingent liability is taken due to ___________.

Added value is the change in ____________.