Multiple Choice
The fundamental accounting equation Assets = liabilities is the formal expression of
A) Matching concept
B) Entity concept
C) Going concern concept
D) Dual aspect concept
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Preliminary expenses is an example of<br>A)Fixed asset<br>B)Current
Q15: In the balance sheet of a company,
Q16: The international accounting standard Committee was set
Q17: Which of the following should be deducted
Q18: Accounting in india is governed by the
Q20: Net worth of business means<br>A)Total assets<br>B)Fixed assets
Q21: Discount on shares and debentures are shown
Q22: In the case of joint stock company,
Q23: Outstanding expenditure is a _ account.<br>A)Nominal<br>B)Personnel<br>C)Real<br>D)Current
Q24: _ deals with the depreciation account.<br>A)AS4<br>B)AS6<br>C)AS10<br>D)AS13