According to ____________ concept, assets are recorded at a price paid to acquire them. 

According to ____________ concept, assets are recorded at a price paid to acquire them. 
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According to ____________ concept, assets are recorded at a price paid to acquire them. (a) Cost ... measurement (c) Entity (d) Dual aspect
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According to ____________ concept revenue is recognised when it is earned. 

Description : According to ____________ concept revenue is recognised when it is earned. 

Last Answer : According to ____________ concept revenue is recognised when it is earned. (a) Realisation (b) Accounting period (c) Accrual (d) Matching cost

According to ____________ concept, every business transaction has two aspects. 

Description : According to ____________ concept, every business transaction has two aspects. 

Last Answer : According to ____________ concept, every business transaction has two aspects. (a) going concerned (b) ... (c) business entity (d) dual aspects

According to ____________ concept business shall go on for a long time. 

Description : According to ____________ concept business shall go on for a long time. 

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Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.

Description : Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.

Last Answer : D] Expenses should be matched with the revenue of the period.

Which of the following statement is correct? (A) The amount of Goodwill or Capital Reserve is recorded in the books of purchasing company only (B) The amount of Goodwill or Capital Reserve is recorded in the books of vendor company only. (C) Goodwill = Net Assets – Purchase price (D) The face value of shares of purchasing company will be taken in to account while calculating purchase consideration.

Description : Which of the following statement is correct? (A) The amount of Goodwill or Capital Reserve is recorded in the books of purchasing company only (B) The amount of Goodwill or Capital ... value of shares of purchasing company will be taken in to account while calculating purchase consideration.

Last Answer : The amount of Goodwill or Capital Reserve is recorded in the books of purchasing company only

According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

Description : According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

Last Answer : Answer: Capital = Assets – Liabilities

It is not true that current assets are assets that a company expects to a. realize in cash within one year. b. sell within one year. c. use up within one year. d. acquire within one year.

Description : It is not true that current assets are assets that a company expects to a. realize in cash within one year. b. sell within one year. c. use up within one year. d. acquire within one year.

Last Answer : d. acquire within one year.

Money spent to acquire or upgrade physical assets is known as: A. Revenue Expense B. Capital Expense C. Administrative Expense D. Operating Expense

Description : Money spent to acquire or upgrade physical assets is known as: A. Revenue Expense B. Capital Expense C. Administrative Expense D. Operating Expense

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According to ____________ convention, while preparing planning anticipate losses. 

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Most of the independent auditor's work in formulating an opinion on financial statements consists of a. Studying and evaluating internal control b. Obtaining and examining evidential matter c. Examining cash transactions d. Comparing recorded accountability with assets

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Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 andinvestments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be a) 2,00,000 b) 1,00,000 c) 3,00,000 d) 4,00,000

Description : Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 andinvestments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be a) 2,00,000 b) 1,00,000 c) 3,00,000 d) 4,00,000

Last Answer : b) 1,00,000

Why the concept of ‘Innovation’ is required in the business? a. To get first mover advantage b. Utmost Consumer Satisfaction c. To acquire larger market share d. All of the above

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Last Answer : D)They are different terms for the concept of price.

Pasting wet clay ribbons and making patterns on them is known as ____________ work. 

Description : Pasting wet clay ribbons and making patterns on them is known as ____________ work. 

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Direct deposit by a customer will be recorded on __________ side of Pass Book. 

Description : Direct deposit by a customer will be recorded on __________ side of Pass Book. 

Last Answer : Direct deposit by a customer will be recorded on __________ side of Pass Book. (a) debit (b) credit (c) left hand (d) any

Interest on bank overdraft is recorded on _________ side of Pass Book. 

Description : Interest on bank overdraft is recorded on _________ side of Pass Book. 

Last Answer : Interest on bank overdraft is recorded on _________ side of Pass Book. (a) debit (b) credit (c) any (d) both

Bank charges charged by bank are recorded on _________ side of Pass Book. 

Description : Bank charges charged by bank are recorded on _________ side of Pass Book. 

Last Answer : Bank charges charged by bank are recorded on _________ side of Pass Book. (a) debit (b) credit (c) any (d) both

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Description : Depreciation is always charged on __________ assets. 

Last Answer : Depreciation is always charged on __________ assets. (a) Current (b) Fixed (c) Fictitious (d) Intangible

___________ is excess of assets over liabilities. 

Description : ___________ is excess of assets over liabilities. 

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Land held for future use will be reported in the ____________ section of a classified balance sheet. a. Long-term assets. b. Long-term investments. c. Property, Plant and Equipment. d. Current assets..

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Fixed assets, inventories and investments in Equity shares are examples of ____________ items.

Description : Fixed assets, inventories and investments in Equity shares are examples of ____________ items.

Last Answer : Non-monetary,

Individuals hold their claims on real assets through ____________ in a well-developed economy. a) intangible assets b) tangible assets c) real estate d) financial assets

Description : Individuals hold their claims on real assets through ____________ in a well-developed economy. a) intangible assets b) tangible assets c) real estate d) financial assets

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____________ is the technique used in business organizations and firms to protect IT assets. a) Ethical hacking b) Unethical hacking c) Fixing bugs d) Internal data-breach

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Description : Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $20,000, terms 2/10, n/30. Returned $400 of the shipment for credit. Paid $100 freight on the shipment. ... . b. increased by $19,700. c. increased by $19,306. d. increased by $19,308.

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Zach’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s merchandise inventory a. increased by $48,020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.

Description : Zach's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment ... 020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.

Last Answer : d. increased by $48,270.

A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these

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Last Answer : (b) Conservatism

What is the price for the OSHA 10 hour and how does a construction worker acquire it.?

Description : What is the price for the OSHA 10 hour and how does a construction worker acquire it.?

Last Answer : Check these websites: # OSHA Outreach Training Program - FAQs OSHA does not accredit organizations or individuals, does not certify ... http://www.osha.gov/dte/outreach/faqs.html # OSHA 10 Hour Training ... w/ course review for study; Start ... http://www.oshacampus.com/osha-10-hour-training.cfm

Monetary items _________ (a) Are assets and liabilities to be received or paid in money (b) Are assets to be received in fixed or determinable amounts of money (c) Are money held and assets and liabilities to be received or paid in fixed or determinable amounts of money (d) None of the above

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Net Assets of D.Co. for Purchase Consideration worth Rs. 4,00,000. At the time of absorption, the company has paid 32,000 equity shares each of Rs.10 each at 10% premium, then remaining cash will be - (A) Rs. 48,000 (B) Rs. 84,000 (C) Rs. 80,000 (D) Rs. 90,000

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Last Answer : (A) Rs. 48,000

If the intrinsic values of shares exchanged are not equal, the difference is paid in ........... (A) Cash (B) Debenture (C) Pref. share (D)Assets

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Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully paid. Average expected profit is Rs.8,500. Transfer to reserves is 10%. Pref. dividend is payable. NRR is 9%. The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20s

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Last Answer : Rs.10.70

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Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

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Last Answer : B. Wages paid for the erection of plant and machinery.

Amalgamation is said to be in the nature of merger if: A. All assets and liabilities of transferor company are taken over by the transferee company. B. Business of transferor company is intended to be carried on by the transferee company. C. Purchase consideration must be paid in equity shares by the transferee company except for fraction shares. D. All of the above

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Last Answer : D. All of the above

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Last Answer : d) Nil

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Description : The ____________ enlist 64 Indian scripts. 

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The Iranian empire was established by ____________ of the Achaemenid dynasty. 

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The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits. 

Description : The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits. 

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The ____________ is regarded as the text that is fundamental in development of Indian music. 

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____________ function implies compliance of various provisions of Acts applicable to the organization. 

Description : ____________ function implies compliance of various provisions of Acts applicable to the organization. 

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In the year 1583, an Italian merchant ____________ came to Kochi, Kerala. 

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