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Meaning of credibility of going concern is:

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Q6.Meaning of credibility of going concern is: (1) Opening of business (2) Closing of business (3) None of these. (4) Continuing of business Answer Continuing of business Related Questions on Theory Base of Accounting Q7.The sum of Liabilities and Capital is- (1) Income (2) Expense (3) Assets. (4) Drawings Answer Assets. Q8.In India, the accounting … Read more

Repair charge of office old furniture is

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Q22.Repair charge of office old furniture is (1) Capital Expense (2) Revenue Expense (3) None of these (4) Both Revenue & Capital Expense Answer Revenue Expense Related Questions on Theory Base of Accounting Q23.Working Capital is (1) Current Assets + Current Liabilities (2) Current Assets – Current Liabilities (3) None of these (4) Current Assets … Read more

Which of the following is not a current asset ?

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Q38.Which of the following is not a current asset ? (1) Debtors (2) Prepaid Expenses (3) Bills Receivable (4) Furniture Answer Furniture Related Questions on Theory Base of Accounting Q39.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 … Read more

When information about two difference enterprises have been prepared presented in a similar manner the information exhibits the characteristic of:

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Q54.When information about two difference enterprises have been prepared presented in a similar manner the information exhibits the characteristic of: (1) Relevance(2) Verifiability(3) None of the above(4) Reliability Answer None of the above More Related Questions on Theory Base of Accounting