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Theory Base of ...

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  • Question 1
    1 / -0

    Expenses/Income are recorded when it is earned irrespective of cash being received/paid as per _____________.

  • Question 2
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    Accounts must be honestly prepared  & they must disclose all material information is know as ____________.

  • Question 3
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    Which of the following is an example of 'REVENUE' for the purpose of AS-9?

  • Question 4
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     Under which accounting concept owner & firm are to be treated as two separate entities _______________.

  • Question 5
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    Valuation of inventory is dealt with in ___________.

  • Question 6
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    Concept which provide a line between present & future is known as __________.

  • Question 7
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    Accounting records transactions in terms of____________.

  • Question 8
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    According to Accounting Standard-2, inventory is to be valued at __________.

  • Question 9
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    Double entry system is  more accurate because__________.

  • Question 10
    1 / -0

    Contingent liability is shown due to________________.

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