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Accounting Concepts , Principles and Accounting standards
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Which sectors saw widespread success of cooperatives in Denmark?
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Why is Denmark known as the “Dairy Farm of Europe”?
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Which year did the Rochdale Pioneers' principles officially become the basis for the International Cooperative Alliance (ICA)?
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Under which act was the Rochdale Society originally registered?
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Who was the president of the Rochdale Pioneers, often called the Constitution Maker?
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How much capital did each founder contribute initially to the Rochdale Society?
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Where was the first store of the Rochdale Equitable Pioneers Society located?
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What significant principle did the Rochdale Pioneers develop that influenced global cooperatives?
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When was the Rochdale Equitable Pioneers' Co-operative Society founded?
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The Cooperative Trading Organization, started by William King in 1827 ?
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Who founded "The Co-operator", a journal aimed at spreading co-operative ideas and educating workers?
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According to William King --- is considered to be the nucleus for cooperative life.
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Who is known as, 'The intellectual father of the co-operative movement in England' ?
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When was Dr.William King born?
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Everything a firm owns, it also owns out to somebody. This co-incidence is explained by the concept.
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Full form of IASB
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Salary to Manager will be recorded in the books of accounts but appointment of manager is not recorded due to ---.
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Closing stock is valued at lower of cost or market price. Which concept of accounting is applied here.
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Under which accounting concept fixed assets are recorded at cost without considering the market price (whether low or high).
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Which accounting principle requires that life of a business be broken into smaller parts
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Under which accounting principle quality of manpower is not recorded in the books of accounts
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According to which accounting principle personal expenses of proprietor are recorded in drawings account.
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The .......... Concept states that if straight line method of depreciation is used in one year, then it should also be used in next year.
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The ....... concept requires that the accounting transaction should be free from the bias of accountant and others.
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Which concept states that a business concern will not be sold or liquidated in near future.
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Which principle states that information about two different enterprises have been prepared and presented in a similar manner.
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Accounting equation satisfies the ---- concept of accounting.
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Which principles of accounting helps to equate the assets with liabilities
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Transaction relating to the qualitative aspect of business are not recorded because of the .... principle.
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While preparing the final accounts outstanding salary is added to the salary account. The accounting principle relevant to this context is ----.
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A company supplies stationaries to another company on credit assuming that they can realize the amount in the future. Name the relevant concept.
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A firm purchased pen and paper weight and included these items under head stationery. Identify the relevant accounting principle.
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According to .... principle frequent changes in accounting principle adversely affect the reliability of financial information.
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Revenue is generally recognized being earned at when ---.
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The ........ concept makes a distinction between a business and its proprietor.
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Assets are shown at cost less depreciation due to .... concept
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Closing stock is valued at .......
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Accounting principles are generally based on .....
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Accounting standards in India formulated and governed by .......
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Accounting standards are issued by ......... In India.
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Companies must prepare financial statements at least yearly due to the ........ Assumption.
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The ---- Principle requires that same accounting methods should be used from one accounting period to the next.
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Revenue is generally recognized at the point of sale denote the concept of ---.
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During the life time of a business accounting produce financial statements in accordance with which accounting concept ?
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Contingent liabilities are usually shown as a foot note in the balance sheet as per Accounting principle ---.
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A business unit is assumed to have an indefinite life comes under ---.
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The policy of "anticipating no profits and provide for all possible losses" arises due to convention of ----.
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The rules and guidelines used in preparing accounting reports are called ---.
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Any written evidence in support of a business transaction is called ---.
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The liabilities that are payable in more than a year
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