Theory Base of ...

When the effect of strike is not directly disclosed in financial statements _________ accounting system is applied.

The accounting policy for inventory of an enterprise discloses that inventories are valued at lower of cost determined on weighted average basis or net realizable value, is the application of _________ concept.

Provision for bad debts is the application of..........Concept.

The convention of conservatism is applicable in ___________.

The use of an accelerated method of depreciation is based on _________.

On 1st January 08, X paid Rs. 120,000 being rent upto 31.12.08. If the accounts are closed on 31.03.08. Rs. 90,000 will be shown as..........

The proprietor is treated as a creditor to the extent of his capital according to __________.

Making the provision for doubtful debts in anticipation of actual bad debts is on the basis of ___________.

Cost concept assumes __________.

________ principles require that revenues which are recognized through the application of the realization principle are then related to relevant and appropriate historical cost.