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Q. Identify which is wrong rule

Q. Real accounts records

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

Q. Accounting principles are divided into two types. These are ---

Q. Fixed assets are held by business for _____.

Q. Bookkeeping is a/an……………………of correctly recording of business transition.

Q. Debit the receiver & credit the giver is _____ account.

Q. Small items like, pencils, pens, files, etc. are written off within a year according to _____ concept.

Q. The debts which are to be repaid within a short period (a year or less) are referred to as,

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.