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Q. Small items like, pencils, pens, files, etc. are written off within a year according to _____ concept.

Q. An accounting that deals with the accounting and reporting of information to management regarding the detail information is

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

Q. The accounts that records expenses, gains and losses are

Q. Which accounting concept satisfy the valuation criteria?

Q. What comes in is to be debited, what goes out is to be credited.

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

Q. Accounting principles are divided into two types. These are ---

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

Q. The comparison of financial statement of one year with that of another is possible only when ------------- ---concept is followed