Accounting Concepts, Principles and Procedures

Temporary investments

Preliminary expenses

Inventory

Rent paid in advance

The entity continues running for foreseeable future

The entity continues running until the end of accounting period

Both A and B

None of these

The Government

The Share holders

The management

The statutory auditor

Small concerns

Medium size concern

Big concerns

No one

Board of directors

Managing directors

General meeting

Any one director

Completeness concept

Faithful representation concept

Objectivity concept

Duality concept

Continuity

Conservatism

Materiality

Consistency

Real account

Personal account

Nominal account

None of these