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Questions / { swati kumari pattnaik }
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what is an intengible Assets ? 1. cash 2. building 3. goodwill 4. stock.
21 Accounting AllOther 23283The opening Capital of a concern is Rs.30000/- owner withdral for personal use Rs.28000/- Closing capital balance of concern is Rs.37000/- choose the correct answer from the following. 1.Net Loss Rs.14000/- 2.Net Profit Rs.35000/- 3.Net profit Rs.14000/- 4.Net Loss Rs.35000/-
15 Accounting AllOther 19925
Answers / { swati kumari pattnaik }
What are accounting Principles?
Answer
Accounting concepts and conventions.
Accounting concepts
1.Accounting Period Concept.
2.Business entity.
3.Cost Concept.
4.Dual Aspect.
5.Accrual Concept.
6.Going Concern Concept.
7.Money Measurement Concept.
8.Matching Concept.
9.Realization Concept.
Conventions
1.consistency.
2.full disclosure.
3.materiality.
4.conservatism.
| Is This Answer Correct ? | 26 Yes | 11 No |
The opening Capital of a concern is Rs.30000/-
owner withdral for personal use Rs.28000/-
Closing capital balance of concern is Rs.37000/-
choose the correct answer from the following.
1.Net Loss Rs.14000/-
2.Net Profit Rs.35000/-
3.Net profit Rs.14000/-
4.Net Loss Rs.35000/-
Answer
| Is This Answer Correct ? | 19 Yes | 1 No |
