Theory Base of ...

According to Business Entity Concept:

According to Business Entity concept:

An investment company has been valuing its inventory of land at lower of market price or cots. It now wants to value its inventory at current market price which is higher than the cost. Which accounting concept will be violated?

Salary to Manager will be recorded in the books of accounts but appointment of manager is not recorded due to______.

According to the Theory Base of Accounting, which concept recognizes revenues and expenses when they are earned or incurred, regardless of when cash is received or paid?

Which of the following is not a concept of accounting?

Single Entry system ignores ______ of accounting.

The management of a firm is remarkably incompetent, but the firms accountants can not take this into account while preparing book of accounts because of________________________concept.

______________ are written statements issued from time to time by institutions of accounting professionals, specifying uniform rules for drawing the financial statements.

Which financial statement reports the financial position of a company at a specific point in time?