Finance Accounting

Which account principle requires that a company  record its expenses when the are incurred, regardless of when the payment is made:-

Net profit /loss are determined through:-

EVA = ___________________ ×% of cost of equity capital:-

In the  absence of  an agreement  profit and loss   are divided  by  partners  in the ratio of ;-

If all   the partners,  but one  are  insolvent  it is ;-

The income   and expenditure  account is always   accompanied  with  a cash flow  statement ;-

Which is an example of contra  asset account:-

Financial Leverage arises because of:-

Depreciation is incorporated in cash flow because:-

What  is  negotiable  instrument ;-

Assets which provide benefit for  more than one years are called :-

How many types   of inventories are in cost   of goods  sold  statement :-

While  accounting  concept  specifies   the practice  of  crediting closing  stock  to the  trading account :-

Under the  average clause, the loss is  suffered by both  insurer  and insured  in the ratio of  risk   covered ;-

Higher OL is related to the use of higher:

The normal balance of liabilities is called:-

Which  specialized  journals   records 'goods  returned  by customer':-

The primary motive of   Charitable   trust organization  is  to  provide ;-

The components  of   computerised  accounting   systems  are ;-

Which is not incorporated in capital Budgeting:-

Accounting  standards  issued  by ICAI  are mandatory  in India :-

Which  one is not  accounting  convention ;-

Income  and Expenditure  accounts  is   prepared ;-

________ accounts  shows the   shortage  of  stock ;-

An  art of  reading   , classifying   and summarizing  of accounts  in a systematic  way is  called ;-