Accounting Equa...

Revenue is generally recognised at the point of sale denotes the concept of _______.

Recognition of expenses in the same period as associated revenues is called ________concept.

If a firm believes that some of its debtors may default, it should act on this by making sure that all possible losses are recorded in the books. This is an example of the______concept.

The_______concept requires that accounting transaction should be free from the bias of accountants and others.

The fact that a business is separate from its owner is best exemplified by the ________ concept.

If a firm receives an order for goods, it would not be included in the sales figure owing to_____________concepts.

A concept that a business enterprise will not be sold or liquidated in the near future is known as_______.

What is entity concept?

Concept under which comparison of one accounting period with the other period is possible is known as ___________ .

Amount invested in business by the proprietor is  ___________ .