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Theory Base of ...

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  • Question 1
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    In case where installation fees are other than incidental to the sale of a product, they should be recognized as revenue _____________________.

  • Question 2
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    Market value of investment is shown as a foot note to Balance Sheet according to ________________.

  • Question 3
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    Window dressing is prohibited due to____________________.

  • Question 4
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    Which one of the following is an ingredient of the entity convention of accounting?

  • Question 5
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    According to Money measurement concept, the following will be recorded in the books of accounts.

  • Question 6
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    According to which of the following accounting concepts, even then the proprietor of a business is treated as a creditor to the extend of his capital. 

  • Question 7
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    The convention of conservatism will have the effect of _________________.

  • Question 8
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    Qualitative transaction are not recorded in accounts due to _____________.

  • Question 9
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    According to which of the following concepts in determining the net income from the business, all costs which are applicable to revenue of the period should be charged against that revenue. 

  • Question 10
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    Making provision for an expected loss or expenses in an approved practice in a business house. This is justified on the principle of _____________.

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