Which concept states that a business concern will not be sold or liquidated in near future.

Which principle states that information about two different enterprises have been prepared and presented in a similar manner.

Accounting equation satisfies the ---- concept of accounting.

Which principles of accounting helps to equate the assets with liabilities

Transaction relating to the qualitative aspect of business are not recorded because of the .... principle.

While preparing the final accounts outstanding salary is added to the salary account. The accounting principle relevant to this context is ----.

A company supplies stationaries to another company on credit assuming that they can realize the amount in the future. Name the relevant concept.

A firm purchased pen and paper weight and included these items under head stationery. Identify the relevant accounting principle.

According to .... principle frequent changes in accounting principle adversely affect the reliability of financial information.

Revenue is generally recognized being earned at when ---.

The ........ concept makes a distinction between a business and its proprietor.

Assets are shown at cost less depreciation due to .... concept

Closing stock is valued at .......

Accounting principles are generally based on .....

Accounting standards in India formulated and governed by .......

Accounting standards are issued by ......... In India.

Companies must prepare financial statements at least yearly due to the ........ Assumption.

The ---- Principle requires that same accounting methods should be used from one accounting period to the next.

Revenue is generally recognized at the point of sale denote the concept of ---.

During the life time of a business accounting produce financial statements in accordance with which accounting concept ?

Contingent liabilities are usually shown as a foot note in the balance sheet as per Accounting principle ---.

A business unit is assumed to have an indefinite life comes under ---.

The policy of "anticipating no profits and provide for all possible losses" arises due to convention of ----.

The rules and guidelines used in preparing accounting reports are called ---.

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

The liabilities that are payable in more than a year

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as -----.

The long term assets that have no physical existence but are rights that have value is known as

Accounting provides information on

The cost incurred by a business in the process of earning revenue is ---.

Discount allowed to a customer is ---- to the business.

The current liabilities are used to denote those liabilities which are payable ---.

Asset can be converted in to cash with in an year is called ---.

Owner's right and claims to the business ----.

Claim by creditors to the property of a business ---.

Properties used in the business is ---.

The ledger folio column of the journal is used to -----.

----- transaction is one wherein payment or receipt of money is postponed for a future date.

All claims against the business are called ----.

Information in financial business is based on ---- Transaction.

A person who entitled to get money from the business is termed as ----.

Analysis of recorded data to bring entries of similar nature to one place is called ---- .

The asset bought for long term use in the business are termed as ----- asset.

The amount earned by a business concern through sale of its products or providing services to customers is called

----- assets are those assets, which do not have physical form.

Arun, a sole trader, draw Rs. 500 from the business for paying tuition fees to his child. This amount is termed as

Value of goods remaining unsold at the end of an accounting period is termed as

Find out the odd one out and state reason.

Which qualitative characteristics of accounting information is reflected when accounting information is clearly presented

Amount spent for purchasing fixed asset is a