Which assumption is not free from limitations?
Cost control
Accounting period concept
Going concern concept
Money measurement concept
Which concept emphasises that expenses incurred in an accounting period should be matched with revenues during that period?
Revenue regcognition
Matching
Full Disclosure
Consistency
Which accounting are not static in nature?
Principles
Concepts
Conventions
Postulates
Cost of acquisition, transportation, are included in which concept?
Dual Aspect
Cost concept
Going concern
Objectivity
Which concepts states that accounting polices and practices followed by enterpries?
Accounting standard
Which concept assumes that business has a distinct and separate entity from its owners?
Basic Accounting Concepts
Money measurement concepts
Business Entity concepts
Cost concepts
Assets which cannot be touched or seen
Fixed assets
Current assets
Intangible assets
Wasting assets
Which term is defined by AICPA as "A general law or role adopted or professed as a guide to action, a settled ground or basis of conduct or practice"?
Convention
Which principles refers to the rules of guidelines adopted for recording and reporting of business transaction?
Generally Accepted Accounting Principles
Business Entity Concepts
Money Measurement Concept