A rule which sets down how the financial activities of a business are recorded is known as:

Money is a recognized unit of measure. Which of the statement is correct regarding money?

There is an order placed by a customer, but no goods exchanged in hands. Is it possible to record a transaction that follows realization concept?

All transactions are recorded in their original cost. This principle is:

According to which concept, transactions are recorded only after goods changed in hands, but not credit?

The accounting practice and methods remain unchanged over years. This is known as:

Matching principle is an extension of:

If a situation arises where applying another accounting principle would be contrary to all other principle, here we may use the principle of:

This principle emphasises the importance of not recording a profit until it has actually been earned. The principle is:

Which principle is used to record immaterial item?