Revenues affect net income -
A) in the period during which they are earned
B) in the period when they are collected
C) in the period when they are accounted for
D) any of the above three which occur first
Correct Answer:
Verified
Q19: Which of these is an appropriation of
Q20: Current Liabilities mean -
A)Liabilities which are payable
Q21: AS 30 deals with
A)Accounting Policy
B)Financial Investment presentation
C)Financial
Q22: Expenses A/c will always have -
A)Debit balance
Q23: Which of these is not a cause
Q25: Which of these Accounts are not closed
Q26: Undercasting of the total of Sales A/c
Q27: ` 5,500 incurred on sundry expenses inadvertently
Q28: How does depreciation effect basic accounting equation
A)Leads
Q29: --- Principle specifies that cost or expenses
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