Accounting Equa...

Accounting records transactions in terms of____________.

An accounting convention which provides that when doubt, choose the solution least likely to overstate assets and income is_________.

The fundamental accounting equation Assets = Capital + Liabilities is the formal expression of __________.

Which of the following is an example of 'REVENUE' for the purpose of AS-9?

The owner of a company included his personal travel expenses in the company's income statements. Indicate the accounting principle that is violated.

Vivek started business with a capital of $$Rs.20,000$$ and purchased goods worth $$Rs.2,000$$ on credit. These transactions may be expressed in the form of an accounting equation such as __________.

Land was reported at its selling price which is substantially higher than its cost. The increase in value was included in the income statement. Which accounting principle is violated?

Window dressing is prohibited due to ____________.

Provision for bad debts is made under the principle of_____________.

According to the money measurement concept, the following will be recorded in the books of accounts________________.