As regards the accounting treatment, Legacy should be

Related MCQs

• Whenever errors are noticed in the accounting records, they should be rectified.
• …………………………….. principle requires that the same method should be used from one accounting period to the next .
• The determination of expenses for an accounting period is based on the concept of 3
• At the en d of the accounting year bills receivable discounted were 32,000 would be shown
• Accounting cycle ends with preparation of______________.
• Accounting does not record non-financial transactions because of
• The Consignment Accounting is made on the following basis
• Users of accounting information include ………………………
• Accounting standards in India are issued by ……………………
• Goods taken from business for personal use by the proprietor should be credited to