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Q. Cash a/c is a ______.

Q. Long term assets having no physical existence but, possessing a value are called

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

Q. Historical cost concept requires the valuation of an asset at

Q. Debit the receiver credit the giver rule for

Q. Which of the following is not a nominal Account?

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. As per the Matching concept, Revenue – ? = Profit

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

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