Which accounting are not static in nature?
Principles
Concepts
Conventions
Postulates
Which is concerned with the recording, classifying and summarizing of financial translations?
Accounting
Organising
Marketing
Training
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 concepts are referred to as the fundamental ideas or basic assumptions underlying the theory and practice of financial accounting?
Basic Accounting Concepts
Business Entity Concepts
Money measurement Concept
Cost Concept
Which concepts cannot over ride the provisions of applicable laws, customs, usage and business environment in the country?
Revenue recognition
Matching
Dual Aspect
Accounting standards.
Which concepts states that accounting polices and practices followed by enterpries?
Objectivity
Accounting standard
Consistency
Which concept emphasises that expenses incurred in an accounting period should be matched with revenues during that period?
Revenue regcognition
Full Disclosure
Assets which cannot be touched or seen
Fixed assets
Current assets
Intangible assets
Wasting assets
Which concept states that accounting should focus on material facts?
Materiality
Full disclosure
Which principles refers to the rules of guidelines adopted for recording and reporting of business transaction?
Generally Accepted Accounting Principles
Money Measurement Concept