Practice Forming base to Accounts Questions and Answers
- A trader maintains accounts on cash basis and records revenue only when received. Which fundamental accounting assumption is not followed?
- An enterprise follows accrual basis of accounting and records revenue when it is earned and expenses when incurred. A client makes an advance payment of �...
- XYZ Ltd. incurred R&D expenses of ₹20 lakhs for developing a new product. The product has not yet reached the commercialisation stage. How should the amo...
More Topics
- Accounts Questions
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- Bonds Questions
- Capital Budgeting Questions
- Commerical Law Questions
- Costing Concepts Questions
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- Financial Statement Analysis Questions
- Foreign Exchange Questions
- GST Questions
- NBFC Credit PSL Questions
- Presentation of Company Financial Statements Questions
- Taxation Related Questions
