31. Cost concept basically recognizes ____
Fair Market value
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32. If the Market value of closing inventory is less than its cost price, inventory will be shown at ____
33. The Market price of goods declined than the cost price. Then the concept that plays a key role is ____
Going concern concept
34. Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in the balance sheet will be
35. Which of the following provide framework and accounting policies so that the financial statements of different enterprises become comparable.
UGC NET PAPER 1
UGC NET Management
UGC NET COMPUTER SCIENCE
UGC NET COMMERCE
GATE COMPUTER SCIENCE
CFA Level 1
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