The basic concepts related to Balance Sheet are
A) Cost Concept
B) Business Entity Concept
C) Accounting Period Concept
D) Both (a) and (b) above
Correct Answer:
Verified
Q14: Net profit / loss is transferred to
Q15: All _ expenses are recorded in the
Q16: _ expenses are shown in the profit
Q17: Which English alphabet is similar to the
Q18: Gross Profit is the difference between
A)Net Sales
Q20: The basic concepts related to P &
Q21: Which of the following is (are) characteristic(s)
Q22: Only the significant events which affect the
Q23: If the Going Concern concept is no
Q24: Under which of the following concepts are
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