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Theory Base of ...

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  • Question 1
    1 / -0

    The term 'Realization' implies __________.

  • Question 2
    1 / -0

    The realisation concept is ___________.

  • Question 3
    1 / -0

    The usual accounting period is __________.

  • Question 4
    1 / -0

    The governing principle of Double Entry System is that _________.

  • Question 5
    1 / -0

    All accounting entries must be based on _____________.

  • Question 6
    1 / -0

    Dual aspect concept is the basis for __________.

  • Question 7
    1 / -0

    The accrual cost is the basis for ____________.

  • Question 8
    1 / -0

    Objective refers to ___________.

  • Question 9
    1 / -0

    Which of the following are true or false?
    (a) The historical cost does not reflect true value of the asset
    (b) Accounting is a historical record of the transactions of a business entity.

  • Question 10
    1 / -0

    Materiality means __________.

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