Theory Base of ...

The accounting standards are issued for the purpose of____________.

Which of the following is one of the objectives of accounting standard?

The disadvantage of accounting standard is _________.

Select the correct statement.

Generally Accepted accounting principles can be applied to the financial statements in which of the following ________.

_________ is an Accounting Convention.

________ is not an accounting convention.

Anticipate all losses and ignore anticipated profits is an application of _______ concept/convention.

The Accounting standards are mandatory for _________.

Accounting policies followed by the companies are __________.