Answer Posted / khan rafat

The order matching in an exchange is done based on
price-time priority. The best price orders are matched
first. If more than one order arrives at the same price they
are arranged in ascending time order. Best buy price is the
highest buy price amongst all orders and similarly best sell
price is the lowest price of all sell orders.
The Seven steps of Matching order are as follows.
1. Seed
2. Start-Up
3. Growth
4. Established
5. Expansion
6. Mature
7. Exit

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Under the accrual basis of accounting incomes are recognised at the time -------------------

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Expand--------AA

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EXPAND___________LNG

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which Electrical items is Exciseible

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