1. Meaning of credibility of going concern is:

2. A concept that a business enterprise will not be sold or liquidated in the near future is known as :

3. A liability arises because of:

4. IFRS are:

5. The basic accounting postulates are denoted by

6. The amount drawn by businessmen for his personal use is 

7. The primary qualities that make accounting information useful for decision-making are

8. Which of the following statements is correct:

9. Which of these is not a fundamental accounting assumption?

10. The Trading and Profit and Loss Account is prepared under which attribute of accounting:

11. When information about two difference enterprises have been prepared presented in a similar manner the information exhibits the characteristic of:

12. Convention of conservatism takes into account:

13. During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept:

14. In India, the accounting standard board was set up in the year-

15. Which of the following limitations of accounting states that accounts may be manipulated to conceal vital information?

16. Among the following assets, which one is fictitious asset?

17. IASB upon coming into existence has adopted

18. As per Income Tax Act, accounting period is :

19. Return Inward is the term used for:

20. As per Dual Aspect Concept: