England America China None of these Answer 1. England
Category: MISCELLANEOUS
Which is the accounting concept that requires the practice of crediting closing stock to the Trading Account?
Going concern Cost Realisation Matching Answer 4. Matching
Expenditure incurred as the inauguration of a new factory building is :
Revenue Expenditure Capital Expenditure Prepaid Expenditure Contingent Expenditure Answer 1. Revenue Expenditure
The credit purchase of a fixed asset is recorded in :
Purchase book Cash book Journal proper Sales returns book Answer 3. Journal proper
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