Commerce: Accounts MCQs

6. Question

The entity concept of accounting is applicable to




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7. Question

Which one of the following is not a generally accepted accounting principle?




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8. Question

The underlying accounting principle(s) necessitating amortization of intangible asset(s) is/are




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9. Question

Charging of capital Expenditure to revenue results in




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10. Question

Which of the following is not capital expenditure




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