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Q. Fixed assets are held by business for _____.

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

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

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

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

Q. Accounting furnishes data on

Q. The main object of cost accounting is:

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

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

Q. Which accounting concept satisfy the valuation criteria?