In income measurement & recognition of assets & liabilities which of the following concepts goes together ?

Related MCQs

• According to the money measurement concept, the following will be recorded in the books of account of the business:
• Fixed assets are held by business for _____
• In which of the following cases, accounting estimates are needed?
• 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?
• Which of the following is not a Real Account?
• Which of the following is incorrect?
• Which of the following is the predefined stock category in tally?
• Which of the following shows daily balance for a selected voucher type?
• . Which of the following can be budgeted in tally?