Carriage outward expenses of a business are treated in the
Balance sheet
Income surplus account
Profit and loss account
Trading account
Correct answer is C
No explanation has been provided for this answer.
The prudence concept demands that
Care is exercised in recognition of profit
Loss should be anticipated
Profit should be reported
Income should be recognized and disclosed
Correct answer is A
No explanation has been provided for this answer.
Materiality
Periodicity
Objectivity
Conservatism
Correct answer is C
No explanation has been provided for this answer.
Materiality
Periodicity
Objectivity
Conservatism
Correct answer is C
No explanation has been provided for this answer.
Account payable is classified as a
Prepayment
Provision
Current liability
Long term liability
Correct answer is C
No explanation has been provided for this answer.