Theory Base of ...

Depreciation was not recorded because to do so wold result in a net loss for the period. Indicate the accounting principle that is violated___________.

According to the money measurement concept, the following will be recorded in the books of accounts________________.

According to which of the following concepts, while determining the net income from business, all costs which are applicable to revenue of the period should be charged against that revenue____________.

LIFO inventory method was used in year I, FIFO in year II and weighed average in year III. Which accounting principle is violated?

The owner of a company included his personal travel expenses in the company's income statements. Indicate the accounting principle that is violated.

An accounting convention which provides that when doubt, choose the solution least likely to overstate assets and income is_________.

A business transaction affects ______________.

Allocation of depreciable amount of fixed assets to future periods is in accordance with  ____________.

Land was reported at its selling price which is substantially higher than its cost. The increase in value was included in the income statement. Which accounting principle is violated?

Window dressing is prohibited due to ____________.