According to which principle the same accounting methods should be used each year:
A) Prudence
B) Full disclosure
C) Materiality
D) Consistency
Correct Answer:
Verified
Q2: The elements of the accounting equation are
A)Assets,
Q3: Arun is a Book-seller, which item will
Q4: The expenses due but not paid is
Q5: Goods destroyed by fire should be credited
Q6: In the books of account if a
Q7: The respective normal account balances of Sales,
Q8: Trial balance is not a conclusive proof
Q9: Which of the following is not the
Q10: _refers to the order in which the
Q11: If closing stock is mentioned in trial
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