Accounting Equa...

Which one of the following is an ingredient of the entity convention of accounting?

A business entity has assets of $$Rs. 2,60,000$$ and liabilities of $$Rs. 60,000$$. Owner's equity in this case is__________. 

According to Money measurement concept, the following will be recorded in the books of accounts.

Concept of realization implies __________________.

Qualitative transaction are not recorded in accounts due to _____________.

According to which of the following accounting concepts, even then the proprietor of a business is treated as a creditor to the extend of his capital. 

The convention of conservatism will have the effect of _________________.

According to which of the following concepts in determining the net income from the business, all costs which are applicable to revenue of the period should be charged against that revenue. 

The accounting equation i.e. Assets = Capital + liabilities is based on _________________.

According to money measurement concept the following will be record in the books of account.