All the transactions measurable in the terms of money are recorded in accounts is according to

Related MCQs

• In case of Hire-Purchase the total sum payable by the hire-purchaser as per terms in order to complete the transactions is
• While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
• Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
• Which of the following branches, taking into consideration the scope of authority and responsibility, prepares its own independent final accounts?
• The system of keeping accounts generally adopted by small size branches are:
• Current accounts of the partners should be opened when the capitals are:
• In case of retirement of a partner full good will is credited to the accounts of:
• Which of the following accounts can be transferred to capital redemption reserve account?
• The rule debit all expenses and losses and credit all income and gains relates to
• The agreement among partners which set out the terms on which they had agreed to form a partnership is called: