Accounting and Auditing - Financial Accounting MCQ

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41. If nothing is written about the accounting assumption to be followed it is presumed that

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42. Capital A/c is a _______ A/c.

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43. Cash A/c is a ________ A/c.

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44. The principle “Debit the receiver and credit the giver” is related to_____

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45. As per the Matching concept, Revenue – ? = Profit

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