A. All real and personal accounts are transferred to balance sheet

B. Nominal accounts are transferred to P & L account

C. Each account is opened separately in ledger

D. Rent is a personal account, outstanding rent is nominal account

A. Stewardship accounting

B. Social accounting

C. Management accounting

D. Human resource accounting

A. Is assumed that it is not followed

B. Is assumed to be followed

C. Is assumed to be followed to some extent

D. None of the above

A. Money measurement

B. Cost

C. Entity

D. Dual aspect

A. Converting into cash

B. Generating revenue

C. Resale

D. None of the above

A. Cost

B. Realization

C. Going concern

D. Matching

A. Capital

B. Revenue

C. Deferred revenue

D. Capital Loss

A. Profit earned

B. Loss incurred

C. Capital Introduced

D. All of the above

A. All companies in the same Industry should use identical accounting procedures

B. Income & assets have not been overstated

C. Accounting methods & procedures shall be followed uniform basis year after year

D. Any accounting method can be followed as per convenience

A. Dr Drawing A/c & Cr Purchases A/c

B. Dr Office Expenses A/c & Cr Motor Car A/c

C. Dr Motor Car A/c & Cr Purchases A/c

D. Dr Motor Car & Cr Sales A/c