Theory Base of ...

Provision for doubtful debts is made because of ________.

The 'Revenue Recognition' principle refers to ________.

Changes in accounting policies can be made only _________.

An Accounting information is said to be "______" if its inclusion or exclusion effect the decision of the users of the accounting information.

Provision for bad debts is the application of _________ concept/convention.

Matching principle requires __________.

The determination of expenses for an accounting period is based on principle of __________.

Going concern concept assumes that____________________.

Under the business entity concept ________.

Allocating the cost of an asset over its useful life is an application of __________.