Theory Base of ...

Valuing the stock in trade at market price or cost price which is less is an example of the convention of _______.

The convention of conservation will have the effect of ______________.

If no information is available, the General Rule for valuation of stock for balance sheet is _______________.

According to the money measurement concept, the following will be recorded in the books of accounts of the business ____________________.

Under which concept it is assumed that the enterprise has neither the intention nor the necessity of liquidation or of curtailing materially the scale of operation?

The convention of conservatism when applied to the balance sheet results in _________________.

Showing purchased office equipments in financial statements is the application of which accounting concept?

"Financial information should be neutral and bias free" is the dictation of which one of the following?

Materiality concept tells about ________________.

Using "lower of cost and net realisable value (Market Value)" for the purpose of inventory valuation is the implementation of which of the following concepts?