Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable.
A) business standards
B) accounting standards
C) market standards
D) none
Correct Answer:
Verified
Q2: The policy of anticipate no profit and
Q3: According to which concept, the proprietor pays
Q4: If the Market value of closing Inventory
Q5: The Market price of good declined than
Q6: Fixed assets are double the current assets
Q8: Which of the following factor is not
Q9: As per accrual concept, which of the
Q10: Mr. X sold goods to Mr. Y
Q11: If nothing is written about the accounting
Q12: Capital A/c is a _ A/c.
A)personal
B)real
C)nominal
D)none
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