Multiple Choice
Dividing the expenditure into capital and revenue is according to
A) business entity concept
B) going concern concept
C) money measurement concept
D) accounting period concept
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In profit and loss account, if credit
Q4: All revenue incomes are credited to<br>A)manufacturing account<br>B)trading
Q5: Interpretation means<br>A)explanation of meaning and significance of
Q6: _ is root cause for financial accounting<br>A)stewardship
Q7: In income measurement & recognisation of assets
Q9: Which of the following is incorrect?<br>A)good will
Q10: The process of recording financial data upto
Q11: Profit and loss account is a<br>A)personal account<br>B)real
Q12: Provision for discount on debtors is calculated
Q13: Human resources will not appear in the