In ____________ basis,proportionate part of revenue equivalent to portion of project completed during the accounting year is recognized.
Sales
Cash
Production
None of these
.______________ related to the codification of generally accepted accounting principles.
Basic concept
Basic principle
Accounting standard
Modifying principle
Treatement of income received in advance is ignores in _________ basis of accounting.
Accrual
Both 1 and 2
The revenue is recognized at the point of sale is ____________ basis.
Which system is recognized under the Indian companies Act 1956?
Cash basis of accounting
Accrual basis of accounting
In which system true profit is calculated?
______________ are the policy documents issued by the recognized expert accountancy body relating to various aspects .
Modifying principles
Accounting standards
Basic concepts
Basic principles
__________ assets are not affected by historical cost concept.
Fixed
Current
____________ draw boundaries with in which acceptable conduct should lie.
____________ facilitate uniform preparation and reporting financial statements.