Theory Base of ...

Market value of an asset is ______ and is ______ in the balance sheet as these assets are not going to be sold in near future

______ implies that accounting practices once selected and adopted should be applied consistently year after year

Which statement is false regarding conservatism principle

Which is the modifying principle

According to Business Entity Concept

During the life time of an entity, accountants produce financial statements at arbitrary points in time in accordance with which basic accounting principles?

The accounting principle that conforms to the tendency of accountants to resolve uncertainty and doubt in favor of understanding assets and revenues and overstating liabilities and expenses is known as

Revenue will be recognize only when it is earned as per the ______ concept

The assumption that a business enterprise will not be sold or liquidated in the near future is known as

Match the following options are