Different accounting policies can be adopted in following areas-
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Question 2 of 25
2. Question
1 points
A specific accounting policy refers to-
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Question 3 of 25
3. Question
1 points
The determination of the amount of bad debts is an accounting-
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Question 4 of 25
4. Question
1 points
Generally, which of the following measurement bases are usually accepted in accounting parlance?
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Question 5 of 25
5. Question
1 points
Book value & Market value of machinery on 31.3.2019 was 1,00,000 & 1,10,000 respectively. As on 31.3.2019, if the company values the machinery at 1,10,000, which of the following valuation principle is being followed-
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Question 6 of 25
6. Question
1 points
According to__________Dictionary for Accountants, an account has been defined as a formal record of a particular type of transaction expressed in money.
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Question 7 of 25
7. Question
1 points
All accounts are classified into-
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Question 8 of 25
8. Question
1 points
Accounts recording transactions with a person or group of persons are known-
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Question 9 of 25
9. Question
1 points
Personal accounts is of the following types.
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Question 10 of 25
10. Question
1 points
An account recording transactions with an individual human being is termed as a-
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Question 11 of 25
11. Question
1 points
Accounts relating to properties or assets are known as-
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Question 12 of 25
12. Question
1 points
An account recording financial transactions with an artificial person created by law or otherwise are termed as-
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Question 13 of 25
13. Question
1 points
Real accounts can be further classified into-
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Question 14 of 25
14. Question
1 points
Accounting which represent a certain person or group of personals are termed as-
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Question 15 of 25
15. Question
1 points
Accounts relating to income, revenue, gain expenses and losses are termed as-
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Question 16 of 25
16. Question
1 points
_________ represent assets and properties which cannot be seen, touched or felt but they can be measured in terms of money.
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Question 17 of 25
17. Question
1 points
The rule for nominal accounts is-
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Question 18 of 25
18. Question
1 points
The rule for personal accounts is-
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Question 19 of 25
19. Question
1 points
The rule for real accounts is-
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Question 20 of 25
20. Question
1 points
Kamal,s account, Mala’s account, Sharma’s accounts are example of-
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Question 21 of 25
21. Question
1 points
Firm’s accounts, limited companies accounts, educational institutions account, co-operative society account are example of-
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Question 22 of 25
22. Question
1 points
Prepaid insurance, outstanding salaries are example of-
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Question 23 of 25
23. Question
1 points
Wages account, rent account, commission account, Interest received account are examples of-