The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____

Related MCQs

• The rule debit all expenses and losses and credit all income and gains relates to
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C
• Old profit sharing ratio minus new profit sharing ration is equal to:
• The comparison of financial statement of one year with that of another is possible only when _______ concept is followed
• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
• Branch Trading & Profit & Loss A/c is prepared to incorporate all _____
• Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable.
• Profit and loss account is a
• In profit and loss account, if credit is more than the debit, the difference is