Accounting Equa...

During the financial year the plant of the company remained shut down due to major fault leading to stoppage of production for three months.The Accountant is keen to disclose this fact by way of notes to the accounts. He is guided by the concept of

The entity concept of accounting is applicable to _________.

Which of the following is accounting equation?

The accounting equation is based on __________.

Which is the convention of accounting wherein there is no overvaluation of assets and incomes?

The Accounting Convention of Matching means __________.

Realisation concept would apply when _________.

Recording of fixed assets at cost ensures adherence to _________.

According to the Money Measurement Concept which of the following will be recorded in the books of accounts?

An obligation of the entity to owner's is treated as a liability in the balance sheet according to ___________.