Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable.

Related MCQs

• Which of the following factor is not considered while selecting accounting policies?
• _______ is root cause for financial accounting
• Which of the following is not the main objective of accounting?
• Forfeited shares to become ________
• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____
• If nothing is written about the accounting assumption to be followed it is presumed that
• Valuation of stock in accounting follows the principle of cost price or ____ whichever is lower.
• Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.
• The accounting procedure at the retirement of partner is valued: