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Theory Base of ...

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  • Question 1
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    Which of the following equation is related with Dual Aspect Concept?

  • Question 2
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    Proprietor (owner) is treated as creditor of business due to ________________.

  • Question 3
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    The amount brought in by the proprietor in the business should be credited to _____________.

  • Question 4
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    The convention of conservatism is applicable ______________.

  • Question 5
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    Business entity concept distinguishes between ________________.

  • Question 6
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    Accounting concepts are based on ___________________.

  • Question 7
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    A system in which accounting entries are made on the basis of amounts having become due for payment or receipt is called _______________.

  • Question 8
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    The convention of disclosure implies that all material information should _____________.

  • Question 9
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    Creating provision against fluctuation in the price of investment is application of accounting concept _____________________.

  • Question 10
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    "Accountant should follow the same principles of accounting continuously", is as per which accounting convention ____________________.

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