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Q. Which accounting concept satisfy the valuation criteria?

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

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

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

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

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

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

Q. Cash a/c is a ______.

Q. Accounting furnishes data on

Q. The following is not a type of liability