Advertisements
Advertisements
Question
Select the most appropriate alternative from the given below and rewrite the statement.
The immediate recognition of loss is supported by principle of __________.
Options
Conservatism
Objective
Matching
Consistency
Advertisements
Solution
The immediate recognition of loss is supported by the principle of Conservatism.
APPEARS IN
RELATED QUESTIONS
Give the word term or phrase which can substitute the following statement:
Assets which remain in the business for only for short time and can be converted into cash very easily.
Select the most appropriate alternative from the given below and rewrite the statement.
Brief explanation of an entry is called as _________.
State whether the following statement is true or false with reasons:
Conservatism means to follow the safe side.
State whether the following statement is true or false with reasons:
The double entry system is based on “Dual Aspect” concept.
State whether the following statement is true or false with reasons:
Bank overdraft is an asset of the business.
Do you agree or disagree with the following statements :
Bills Payable is an asset of the business.
