__________ basis is generally used when it is difficult to determine revenue amount at the time of credit sale.

The basis of preparation of financial statement and presentation should be _______________.

Treatement of income received in advance is ignores in _________ basis of accounting.

___________ may be regarded as a sort of law,guide to action.

At the end of each accouting period ___________ are prepared.

In which system true profit is calculated?

____________ facilitate uniform preparation and reporting financial statements.

The revenue is recognized at the point of sale is ____________ basis.

Balance sheet shows the ___________ position as on the last day of accounting period.

A mode of contact imposed on accountants by customs law or professional body is known as __________.