In which of the following cases, accounting estimates are needed?

Related MCQs

• Which accounting concept satisfy the valuation criteria
• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• Which key is pressed to post entries in double entry accounting system instead of single entry system in Tally.ERP9?
• Which shortcut key is used in ‘Company Feature’s screen to use Accounting Features in Tally?
• What is root cause for financial accounting
• If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it
• Consistency with reference to application of accounting procedures means
• In income measurement & recognition of assets & liabilities which of the following concepts goes together ?
• 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?
• Which of the following is wrong?