Theory Base of ...

Which of the following is/are example(s) of application of conservatism concept?

Revenue is generally recognized when earning process is virtually complete and significant risks and rewards have been exchanged. This is an application of _________ principle.

What is the underlying principle that supports the immediate recognition of a loss?

Going concern concept is not followed ________.

Depreciating fixed assets over its useful life is an example of which of the following concept/convention ________________.

When inventory is valued at the lower of cost or market,price, we are under the influence of________.

The lower of cost and market basis of valuing inventories is an example of________.

Net realizable value means:-- 

At what price goods pending approval or return as on the last day of accounting year are valued?

Inventory valuation method is guided by which of the following accounting concept ______________.