CBSE-NET (UGC) Commerce (Paper-II & Paper-III): Questions 19 - 24 of 100
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Question number: 19
Question number: 20
Question number: 21
The close relationship of various product lines either or their end use, or to production requirements or to distribution channels, or to other variables, refer to
|d.||None of the above|
Question number: 22
According to which of the following concept, while determining the net income from business, all expenses should be charged against that revenues in securing which are incurred during an accounting period?
Accounting period concept
Business entity concept
Question number: 23
Question number: 24
What are the limitations of money measurement concept?
Any transaction/event in spite of being very important can’t be recorded in the books of account, it can’t be expressed.
As per this concept, transaction is recorded at its money value on the date of occurrence and the subsequent changes in the money value are conveniently ignored.
|c.||Both a. and b. are correct|
|d.||Question does not provide sufficient data or is vague|