______________ are the policy documents issued by the recognized expert accountancy body relating to various aspects .
Modifying principles
Accounting standards
Basic concepts
Basic principles
A mode of contact imposed on accountants by customs law or professional body is known as __________.
Basic concept
Modifying principle
Basic principle
Accounting standard
___________ may be regarded as a sort of law,guide to action.
Treatement of income received in advance is ignores in _________ basis of accounting.
Accrual
Cash
Both 1 and 2
None of these
The basis of preparation of financial statement and presentation should be _______________.
Consistent
Credible
_____________ is the basic principle of accounting.
Dual aspect
Principle of varibility
Principle of revenue recognisation
Principle of historical cost
____________ draw boundaries with in which acceptable conduct should lie.
__________ assets are not affected by historical cost concept.
Fixed
Current
.______________ related to the codification of generally accepted accounting principles.
____________ facilitate uniform preparation and reporting financial statements.