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

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

Q. Accounting furnishes data on

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. Which accounting concept satisfy the valuation criteria?

Q. The purpose of financial accounts is reporting to

Q. The rule debit all expenses and losses and credit all income and gains relates to

Q. Cash a/c is a ______.

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