Consistency with reference to application of accounting procedures means
READ MORE +Financial Accounting MCQs
The proprietor of the business is treated as creditor for the capital introduced by him due to...... concept
READ MORE +
If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it
READ MORE +
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.
READ MORE +
Interpretation means
READ MORE +
In income measurement & recognisation of assets & liabilities which of the following concepts goes together ?
READ MORE +
In which of the following cases, accounting estimates are needed?
READ MORE +
Which accounting concept satisfy the valuation criteria?
READ MORE +
Cash discount allowed to a debtor should be credited to
READ MORE +
Rent paid to landlord should be credited to
READ MORE +
Double entry system is used in which type of accounting
READ MORE +
The rule debit all expenses and losses and credit all income and gains relates to
READ MORE +Show next