Multiple Choice
In income measurement & recognisation of assets & liabilities which of the following concepts goes together?
A) periodicity, accural, matching
B) cost, accural, matching
C) going concern, cost, realization
D) going concern, periodicity, reliability
Correct Answer:
Verified
Correct Answer:
Verified
Q2: All the transactions measurable in the terms
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
Q8: Dividing the expenditure into capital and revenue
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