Question
A trader maintains accounts on cash basis and records revenue only when received. Which fundamental accounting assumption is not followed?
More Forming base to Accounts Questions
- A "Trial Balance" is prepared to check:
- Goodwill is a/an:
- The law of demand states that, other things being equal:
- If the opening stock is ₹50,000, purchases are ₹2,00,000, and closing stock is ₹70,000, the Cost of Goods Sold is:
- The basic accounting equation is:
- The "Matching Principle" requires that:
- The error of principle occurs when:
- 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 amoun...
- A firm’s EBIT is ₹5,00,000, interest expense is ₹1,00,000. What is the Degree of Financial Leverage (DFL)?
- Gross Domestic Product (GDP) is defined as the total value of all:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)