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.
If the two sides of the Trial Balance tally, it is an indication that ____.
In case of a Bill of Exchange, ‘Legal Due Date’ is a date which is arrived after adding three days of grace in the _____.
Self -balancing entries will only be made for those transactions which affect ____.
Which one of the following is a revenue expenditure?
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”.
Recording of business transactions are done in a chronological manner in _____.
“Debit all Expenses and Losses, Credit all Gains and Income” is the principle to record journal entry for______ Accounts.
A trade mark is an example of _____.
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