Consistency with reference to application of accounting procedures means
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The proprietor of the business is treated as creditor for the capital introduced by him due to...... concept
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If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it
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A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated.
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Interpretation means
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In income measurement & recognisation of assets & liabilities which of the following concepts goes together ?
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In which of the following cases, accounting estimates are needed?
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Which accounting concept satisfy the valuation criteria?
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Cash discount allowed to a debtor should be credited to
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Rent paid to landlord should be credited to
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Double entry system is used in which type of accounting
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The rule debit all expenses and losses and credit all income and gains relates to
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