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Theory Base of ...

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  • Question 1
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    According to the Money Measurement Concept which of the following will be recorded in the books of accounts?

  • Question 2
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    An obligation of the entity to owner's is treated as a liability in the balance sheet according to ___________.

  • Question 3
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    Market value of investments is shown as a footnote according to __________.

  • Question 4
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    Which is/are limitation of Accounting Standards?

  • Question 5
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    Measurements discipline deals with ____________.

  • Question 6
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    Under which of the following concept shareholders are treated as creditors for the amount they paid on the shares they subscribed to?

  • Question 7
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    Accounting Standards refer to specific accounting _________.

  • Question 8
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    Disclosing essential information in accounting observes the principle of _________.

  • Question 9
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    Mr. $$A$$ purchased goods for Rs. $$15,00,000$$ and sold 4/5th of the goods amounting to Rs. $$20,00,000$$ and met expenses amounting to Rs. $$2,50,000$$ during the year. His net profit is Rs. $$5,50,000$$. Which of the accounting concepts was followed by him?

  • Question 10
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    The underlying accounting principle(s) necessitating amortization of intangible asset(s) is/are __________.

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