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Explain Principle of Matching Revenue wi...

Explain Principle of Matching Revenue with Cost.

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According to the Matching Concept , cost incurred to earn revenue should be recognised as expense in the period when revenue is recognised as earned .
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TS GREWAL-THEORY BASE OF ACCOUNTING , ACCOUNTING STANDARDS AND INDIAN ACCOUNTING STANDARDS (IND - AS)-Very Short Answer Type Questions
  1. Explain Money Measurement Concept.

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  2. Explain Accrual Concept.

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  3. Explain Principle of Matching Revenue with Cost.

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  4. Why is it necessary for accounts to assume that a business entity will...

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  5. How does the Matching Principle apply to depreciation?

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  6. Why should a business follow the consistency principle?

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  7. Explain any three of the following accounting convention : (i) Ful...

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  8. Give the meaning of 'Full Disclosure Principle ' of Accounting.

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  9. Explain Accounting Standards briefly.

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  10. What is the main objective of setting accounting standards ? Or Wh...

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  11. Accounting Standards have been evolved to improve thr relability and c...

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  12. Brifly explain your understanding of IFRS.

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  13. Which financial statements are prepared under IFRS?

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  14. Brifly explain the elements of Statement of Financial Position.

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  15. Briefly explain the elemants of Statement of Comprehensive Income.

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  16. Briefly explain your understanding of Ind -AS.

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  17. Which financial statements are prepared under Ind -AS?

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  18. Briefly explain the elemants of Statement of Comprehensive Income.

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  19. What are the objective of Ind - AS ? (Any two)

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  20. What are Accounting Standards ? Name any two Accounting Standards.

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