Accounting Equa...

Only the significant events which affect the business must be recorded as per concept of __________.

An obligation of the entity to owners is treated as a liability in the balance sheet according to __________.

The immediate recognition of loss is supported by the underlying principle of _____________.

Economic life of an enterprise is split into the periodic interval as per ___________.

Qualitative transaction are not recorded in accounts due to ____________.

Revenue is generally recognized at the point of sale. Which principle is applied?

The outside liabilities of a business are Rs. $$20,000$$. The proprietor's capital is Rs. $$50,000$$. Total assets of the firm are worth ___________.

The accounting principle of matching is best demonstrated by __________.

Which of the following is an exception of 'Full Disclosure' principle?

Money-measurement concept of accounting theory is based on the assumption that the value of money will be _____________.