Multiple Choice
Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
A) Dual Aspect Principle
B) Materiality Principle
C) Timeliness Principle
D) Consistency Principle
Correct Answer:

Verified
Correct Answer:
Verified
Q4: An asset was purchased for Rs.1000000 with
Q5: The total number of accounting standards issued
Q6: The trial balance checks<br>A)Arithmetical accuracy of books<br>B)The
Q7: Final accounts are prepared…….<br>A)At the end of
Q8: What type of expenditure is shown as
Q10: The concept of conservatism ensures that the
Q11: The purpose of final accounts is to
Q12: Outstanding Salaries are shown as:<br>A)An Expense<br>B)A Liability<br>C)An
Q13: What is the order in which the
Q14: Goods distributed as free samples is debited