Fundamentals Of Accounting And Auditing - Accounting And Auditing Section 1

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26. M/s Stationery Mart will debit the purchase of stationery to _______

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Option : A
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27. Small items like pencils, pens, files, etc. are written off within a year according to _ concept.

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Option : A
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28. The business enterprise is separate from its owner according to _____ concept.

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Option : C
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29. The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____

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Option : C
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30. According to which concept, the proprietor pays interest on drawings

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Option : C
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Accounting And Auditing Section 1

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