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

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

Q. Business enterprise is separate from its owner according to _____ concept.

Q. Any written evidence in support of a business transaction is called

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

Q. Fixed assets are held by business for _____.

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. P & L a/c is prepared for a period of one year by following:

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

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