Capit
Asset-liabilities
:-Liabilities = capital-assets
D:-assets-capital= liabilities
Correct Answer:- Option-C
Question57:-According to which of the following accounting convention , the closing stock of a firm is valued at cost or
market price whichever is lower ?
A:-convention of conservatism
B:-convention of consistency
C:-convention of materiality
D:-convention of disclosure
Correct Answer:- Option-A
Question58:-If pu....
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