Accounting Equa...

Select the most appropriate alternative from those given below:
Capital is excess of assets over _________.

An old car having a book value of Rs. 50,000 on 1st April 2013 and having market value of Rs. 10,000 as on 31st March 2014 is reported in the financial statement at Rs. 10,000. The company is following ____ method of valuation.

_______ is subject matter of Accounting.

_________ is an Accounting Convention.

________ is not an accounting convention.

The difference between assets and liabilities is?

Revenue is generally considered as realized ________.

The 'Revenue Recognition' principle refers to ________.

Accounting policies followed by the companies are __________.

Excess of Assets over liabilities is ___________.