Fundamentals Of Accounting And Auditing - Accounting And Auditing Section 2

Avatto > > CS foundation > > PRACTICE QUESTIONS > > Fundamentals Of Accounting And Auditing > > Accounting And Auditing Section 2

21. Which of the following convention says that “Once an entity follows a particular method of accounting it should use the same method for all subsequent transactions and events of the same nature”.

Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


22. Interest earned in bank final statement is explained through ——-

Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


23. How would you treat the purchase of software that will be used for more than 12 months should be regarded as:

Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


24. Which of the following is a double entry for depreciation expenses?

Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


25. Which among the following represents the balance in the Capital account of the business?

Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *