Theory Base of ...

The term 'Material' is _____________.

In financial statements, adequate disclosure is ensured by companies as per the requirements of.
I. Management policies
II. Materiality concept
III. Disclosure concept
IV. Relevant provision of the Companies Act
V. Internal control
Of these statements.

Conservatism is a ___________.

Accounting standard (AS) -2 provides that inventories should be valued at __________.

The proprietor of a business is treated as a creditor for capital introduced by him according to __________.

Consistency with reference to application of accounting principles refer to the fact that________________________________.

"Holding gains in relation to stocks should not be used for payment of dividend." which one of the following accounting principles is involved in this?

Market price or actual cost, whichever is less, is the generally accepted accounting principle for valuation of___________.

"Make sufficient provisions for future losses, but do not anticipate future profits." This statement is in accordance to the concept of __________.

The test of materiality can be applied to three aspects:
Which is incorrect?