The policy of anticipate no profit and provide for all possible losses is followed due to
A) Conservation concept
B) Consistency concept
C) Cost concep
Correct Answer:
Verified
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
Q47: Income is measured on the basics of
A)Entity
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
Q53: Cost of goods old can be calculated
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