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Q. Profit and loss is calculated at the stage of

Q. Cost concept basically recognises ____.

Q. The basic sequence in the accounting process can best be described as:

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

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

Q. Accounting furnishes data on

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

Q. The debts which are to be repaid within a short period (a year or less) are referred to as,

Q. Which accounting concept satisfy the valuation criteria?