Accounting Concepts, Principles and Procedures

Objective and scope of financial statements

Objectives and scope of Audit of financial statements

Both A and B

None of these

Depreciation

Wages

Salary

Stationary

General meeting

Any one director

The managing director

Board of directors

Profit

Assets

Company

None of these

Standard audit

Efficiency audit

Operational audit

Periodic or Final audit

Accounting concepts

Accounting conventions

Accounting standards

Both A and B

Indefinite life

Definite life

Very long life

Limited life

Benefits and costs

Revenue and costs

Cash Inflow and Cash Outflow

None of these

Decrease in assets

Increase in capital account

Increase in Liability

All of these

Real account

Nominal account

Personal account

None of these