Going run concern concept is not followed in —

Related MCQs

• The accounting measurement that is not consistent with the Going Concern concept is
• If the Going Concern concept is no longer valid, which of the following is true?
• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• ________ is an expenditure which does not bring any benefit to the concern
• Mr. Rohit, owner of Rohit Furniture Ltd., owns a personal residence that cost ` 6,00,000, but has a market value of ` 9,00,000. During preparation of the financial statement for the business, the entire value of property was ignored and was not shown in the financial statements. The principle that was followed was
• Income and expenditure account is the ______ account of a non trading concern
• Excess of income over expenditure of non trading concern is called _______
• For a non-trading concern, honorarium paid is: Sol:
• Non-trading concern prepare
• Single entry system of book – keeping is generally followed by: