Q51. In India, the accounting standard board was set up in the year-
(1)1977
(2)1972
(3)1932
(4)1956
Answer
1932
Related Questions on Theory Base of Accounting
Q52. Meaning of credibility of going concern is :
(1) Opening of business
(2) Closing of business
(3) None of these.
(4) Continuing of business
Answer
Opening of business
Q53. During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept:
(1) Matching
(2) Conservation
(3) None of the above
(4) Accounting period
Answer
Accounting period