Question Category: Financial and Management Accounting

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Accounting Standard Board was set up by
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Amount spent on an advertisement campaign, the benefit of which is likely to last three years is a
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Legal expenses incurred to defend a suit for breach of a contract to supply goods will be treated as
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How the deferred revenue expenses are treated in the books of accounts?
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Which of the following is not deferred revenue expenditure?
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Which of the following cannot be treated as revenue expenditure?
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Which of the following can be treated as revenue expenditure?
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Which of the following can be treated as capital expenditure?
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All capital expenditures and receipts are taken to
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Suppose P starts a business with Rs.50000 cash and then buys furniture from F.F. Co. on credit for Rs. 2000. Now, the accounting equation
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