Accounting Equa...

Qualitative transactions are not recorded in accounts due to _______________.

Owner's equity (Capital) stands for ______________.

The underlying accounting principle(s) necessitating amortisation of intangible asset(s) is / are ________________.

Concept of realisation implies accounting should be done when _________.`

Which of the following concepts is also know as 'Prudence'?

Which of the following statements describes GAAP properly?

It is one of the basis of the entity concept that money brought by the proprietor into the business is credited to _______ . 

The application of principle 'for stock valuation at cost price or market price, whichever is lower' will result in the valuation of stock sometimes at cost price and at other times at market price which is an application of the principle of ____________.

In case where installation fees are other than incidental to the sale of a product, they should be recognized as revenue _____________________.

Cash purchases ________________.