THEORY BASE OF ACCOUNTING
PREPARED BY BOBAN M J   (HSST Jr COMMERCE, ST THOMAS HSS THIROOR - THRISSUR)
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1. All the enterprises should follow the same method of accounting policies for comparability of accounts is due to ----------
1 point
Clear selection
2. Goodwill written off is an example of the application of the principle of --------------
1 point
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3. Proprietor's personal expenditure not recorded in the books of accounts due to ---------
1 point
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4. The --------- principle requires that the accounting transaction should be free from the bais of accountants & others.
1 point
Clear selection
5. Everything a firm owns, it also owns out to somebody. This coincidence is explained by the ---------------- concept.
1 point
Clear selection
6. If a firm receives an order for goods, it would not be included in the sales figure owing to ---------
1 point
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7. The depreciation cost of a fixed asset is divided over the periods during which the asset is used. Identify the accounting principle
1 point
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8. identify the accounting standard which deals with :
2 points
AS 6
AS 10
AS 22
AS 29
Accounting for tax on income
Accounting for fixed assets
Clear selection
9. Which among the following is not a type of GST
1 point
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