Accounting principles are divided into two types. These are ---

Related MCQs

• Accounting principles are generally based upon:
• An accounting that deals with the accounting and reporting of information to management regarding the detail information is
• Accounting furnishes data on
• Which accounting concept satisfy the valuation criteria?
• Double entry system is used in which type of accounting?
• The nature of financial accounting is:
• The main object of cost accounting is:
• The basic sequence in the accounting process can best be described as:
• A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated.
• The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as