Income is measured on the basics of
A) Entity concept
B) Accounting period concept
C) Going concern concep
Correct Answer:
Verified
Q42: A_ transaction is one where in items
Q43: _ is not a tangible asset
A)Goodwill
B)Land
C)Closing stoc
Q44: According to _ concept it is assumed
Q45: Accounting is concerned with
A)Monetary
B)Non- monetary
C)Monetary & Nonmonetar
Q46: Transaction& events not capable of being expressed
Q48: The policy of anticipate no profit and
Q49: In every business transaction at least _parties
Q50: Accounts receivable normally has _ balance
A)Credit
B)Debit
C)Negativ
Q51: Financial statements are the part of _
A)Book-
Q52: Bank account is a _
A)Personal accounting
B)Real account
C)Nominal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents