The concept that states accounting transaction should be recorded in the manner so that it is free from the bias of accountants and others.

Which principles refers to the rules of guidelines adopted for recording and reporting of business transaction?

Which assumption is not free from limitations?

Which concept of revenue recognition requires that the revenue for a business transaction should be considered realised when a legal right to receive it arises?

Which concept states that accounting should focus on material facts?

Assets which cannot be touched or seen

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"?

Cost of acquisition, transportation, are included in which concept?

Which concept emphasises that expenses incurred in an accounting period should be matched with revenues during that period?