Accounting Concepts, Principles and Procedures

Disqualified

Suspended

Re-appointed

Dismissed

Error of omission

Error of commission

Compensating error

Error of principles

Unnecessary

Advisable

Compulsory

Mandatory

Nominal account

Real account

Personal account

None of these

Banking companies

Joint stock companies

Charitable trusts

All of these

Accounting period concept

Going concern system

Cost concept

Dual aspect

Asset

Liability

Expense

Revenue

Fixed liabilities

Liquid liabilities

Current liabilities

External liabilities

Five years

Four years

Three years

None of these

Management fraud is more difficult to detect

Internal system reduces the possibility of occurrence of fraud

Both A and B

All of these statements are correct