Provision for bad debts is made as per the
A). Conservatism concept
B). Cost concept
C). Consistency concept
D). Going concern concept
Which of the following is not a financial statement?
A). Profit and loss account
B). Profit and loss appropriation account
C). Balance sheet
D). Trial Balance
If the opening inventory of a business is undercast, it will
A). Increase gross profit and decrease net profit
B). Decrease gross profit as well as net profit
C). Increase value of assets
D). Increase gross profit as well as net profit
Declared dividend should be classified in the balance sheet as a
A). Provision
B). Current liability
C). Reserve
D). Current asset
Amortization of unidentified intangible assets is in terms of
A). Conservatism concept
B). Materiality concept
C). Matching concept
D). Cost concept