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41. If nothing is written about the accounting assumption to be followed it is presumed that
They have been followed
They have not been followed
They are followed to some extent
none of these
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42. Capital A/c is a _______ A/c.
Personal
Real
Nominal
None
43. Cash A/c is a ________ A/c.
44. The principle “Debit the receiver and credit the giver” is related to_____
Personal a/c
Real a/c
Nominal a/c
45. As per the Matching concept, Revenue – ? = Profit
Expenses
Liabilities
Losses
Assets
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