Accounting Equa...

Making the provision for doubtful debts in anticipation of actual bad debts is on the basis of ___________.

The proprietor is treated as a creditor to the extent of his capital according to __________.

On 1st January 08, X paid Rs. 120,000 being rent upto 31.12.08. If the accounts are closed on 31.03.08. Rs. 90,000 will be shown as..........

The use of an accelerated method of depreciation is based on _________.

The accounting principle that confirm to the tendency of accountants to resolve uncertainty and doubt in favor of understating assets and revenues and overstating liabilities and expenses is known as ____________.

A businessman purchased goods for Rs. $$30,00,000$$ and sold $$80$$% of such goods are sold during the accounting year ended 31st March 2005. The market value of the remaining goods was Rs. $$5,00,000$$. He has not valued the closing stock at market price. He has violated the concept of _________.

Fixed assets are reported in the balance sheet at historical cost basis. This is done in order to comply with _________.

The cost of machinery purchased on 10th April 2005, is Rs. 10,00,000. Its market value as of 31st March 2006, is Rs. 12,00,000. As of 31st March 2006, if the company values the machinery at Rs. 12,00,000, which of the following valuation principles is being violated?

A machinery was purchased on 1st April, 2005, for Rs. $$10,00,000$$. Its installation charges were Rs. $$1,00,000$$. But its market value as on 31st March 2006, was Rs. $$13,00,000$$. If the company shows the machinery at Rs. $$13,00,000$$ in its B/S, which of the following concepts is not followed by the company?

Which one of the following statement is false?