For the following questions answer them individually
The ____ concept of accounting presumes that an enterprise will continue in operation long enough to charge against income, the cost of fixed assets over their useful lives, to amortize over appropriate period other costs which have been deferred under the actual or matching concept, to pay liabilities when they become due and to meet the contractual commitments.
The ______ of a Non-Profit Organisation gives a list of revenue receipts (for past, current and future periods) as well as capital receipts.
In case of a Bill of Exchange, ‘Legal Due Date’ is a date which is arrived after adding three days of grace in the _____.
Kohler defines Single Entry System as , “A System of book-keeping in which as a rule only records of _____ and of personal accounts are maintained”.
“Debit all Expenses and Losses, Credit all Gains and Income” is the principle to record journal entry for______ Accounts.
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