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TS GREWAL-PRACTICE WORK-viva question
- What is Dual Aspect Concept of accounting?
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- What is Realisation Concept of accounting?
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- Explain Matching Principle of accounting
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- Explain Convention of Consistency
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- Explain Conservatism or Prudence Principle
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- State one accounting practice based on Prudence Principle
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- State the meaning of Accounting Standards
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- What is the main objective of setting Accounting Standards?
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- What is Voucher?
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- What is Debit Voucher?
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- What is Credit Voucher?
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- What is Basic Accounting Equation?
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- What is Cash Discount?
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- What is Trade Discount?
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- What is Rebate?
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- What is a Journal?
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- Why is Journal called a Book of Prime Entry?
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- What is an Opening Entry?
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- What is Journalising?
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- What is a simple Journal entry?
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