Accounting Equa...

Which of the following is correct is respect of accounting?

Accounting is concerned with _____________.

Which of the following will be recorded in the books of accounts on the basis of cost concept?

The principle that an accountant should not anticipate profits, but must provide for all losses is known as _____________.

Sales basis considers the revenue as earned when ___________.

Insignificant events are not recorded in the books of accounts due to ______________.

According to which of the following concepts, fixed assets are depreciated over their useful life rather than over a shorter period on the expectation of early liquidation?

The accounting equation is based on _________________.

Transactions and events not capable of being expressed in terms of money are not to be recorded in accounting due to __________.

Provisions for bad not doubtful debts is created in anticipation of actual bad debts on the basis of _______________.