Theory Base of ...

Cost concept envisages the recording of the following/in the books of accounts ________________.

Assets are depreciated on the basis of expected life rather than on the basis of market value according to _____________.

The first account standard (AS-I) issued by the Institute of Chartered Accountants of India is _________________.

In accrual basis or mercantile basis of accounting, the financial effect of the transaction is recorded in the books ___________.

Qualitative transactions are not recorded in accounts due to _______________.

Which of the following statements describes GAAP properly?

The underlying accounting principle(s) necessitating amortisation of intangible asset(s) is / are ________________.

Which of the following concepts is also know as 'Prudence'?

It is one of the basis of the entity concept that money brought by the proprietor into the business is credited to _______ . 

In cash system of accounting, entries are recorded ____________.