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Q. A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated.

Q. The accounts that records expenses, gains and losses are

Q. For every debit there will be an equal credit according to

Q. The comparison of financial statement of one year with that of another is possible only when ------------- ---concept is followed

Q. A statement containing the various ledgers balances on particular date

Q. A trader calculated his profit as Rs.150000 on 31/03/2014. It is an

Q. The transferring of debit and credit items from journal to the respective accounts in the ledger is called as

Q. Which of the following is a Real A/c?

Q. What comes in is to be debited, what goes out is to be credited.

Q. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as