MEDIUM
BSF GD Constable
IMPORTANT
Earn 100

Assets that appear in the book but have no market value are _____.
(a)Current assets
(b)Loss assets
(c)Fictitious assets
(d)Intangible assets

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Important Questions on Co-operative Accounting
MEDIUM
BSF GD Constable
IMPORTANT
Playing safe policy is adopted due to:

EASY
BSF GD Constable
IMPORTANT
How many accounts does a business transaction affect?

MEDIUM
BSF GD Constable
IMPORTANT
The modern double-entry accounting system owes its origin to:

EASY
BSF GD Constable
IMPORTANT
Financial Accounting records only _____.

EASY
BSF GD Constable
IMPORTANT
_____ assets are those who are very easily convertible into cash.

MEDIUM
BSF GD Constable
IMPORTANT
Accounting standard 6 deals with _____.

MEDIUM
BSF GD Constable
IMPORTANT
The owner's claim to the assets of a business called _____.

MEDIUM
BSF GD Constable
IMPORTANT
Continuity assumption is the same as:
