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Q. Long term assets having no physical existence but, possessing a value are called

Q. The rule debit all expenses and losses and credit all income and gains relates to

Q. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as

Q. Bookkeeping is a/an……………………of correctly recording of business transition.

Q. As per the Matching concept, Revenue – ? = Profit

Q. Cost concept basically recognises ____.

Q. Which of the following is a Real A/c?

Q. Double entry system is used in which type of accounting?

Q. Any written evidence in support of a business transaction is called