Theory Base of ...

Which type of transaction is recorded in the accrual basis of accounting?

Which concept assumes that business would not be liquidated in the foreseeable future?

Single entry system of accounting is followed by

Which one of the following is the fundamental accounting equation?

Radha made cash sales of Rs.2,00,000 and credit sales of Rs.1,20,000. Her expenses for the year were Rs.90,000 out of which Rs.10,000 are yet to be paid. Which of the following will beRadha’s income based on cash basis accounting?

Which concept states that only those business transactions and events, expressed in terms of money, can be recorded in the books of account?

According to the accrual concept, when are the transactions recorded in the books?

Which one of the following is not a fundamental accounting assumption?

Which one of the following transaction is not disclosed under money measurement concept?

According to the consistency concept, accounting policies and practices once adopted