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Q. Fixed assets are held by business for _____.

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

Q. The main object of cost accounting is:

Q. Cost concept basically recognises ____.

Q. Double entry system is used in which type of accounting?

Q. Accounting furnishes data on

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

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

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

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