Accounting Equa...

"Financial information should be neutral and bias free" is the dictation of which one of the following?

Materiality concept tells about ________________.

Using "lower of cost and net realisable value (Market Value)" for the purpose of inventory valuation is the implementation of which of the following concepts?

A business has the following items in it:
Land - $$Rs 1000000$$
Machinery - $$Rs 20000$$
Cash - $$Rs 10000$$
Debt - $$Rs 0$$
Owner's equity will be _____________.

The concept of separate entity is applicable to which of following types of business?

The basic concepts related to P & L A/c are ________________.

A business has following items:
Vehicles Rs 600,000, 

The immediate recognition of loss is supported by principle of __________. 

A business has the following items in it:
Owner's equity - $$Rs. 600000$$
Liabilities - $$Rs. 1400000$$
What is the value of Assets will be __________.

A business has the following items in it:
Land Rs 1,500,000
Machinery Rs 80,000
Cash Rs 20,000
Owners equity Rs 900,000
Loan Rs 500,000
Creditors?