Meaning of Compound Entry is :
(a) Different Transactions of different dates are entered as a single entry
(b) Different Transactions of same date are entered as a single entry
(c) Different Transactions of different dates are entered as a single entry and Different Transactions of same date are entered as a single entry
(d) None of these
Which of the following is not a deferred revenue Expenditure?
(a) Preliminary expenses
(b) Preoperative expenses
(c) Heavy advertising expenses to introduce a New product
(d) Legal expenses for Breach of Contract
The Basic concept related to Balance Sheet are
(a) Cost Concept (Purchase Price)
(b) Business Entity Concept
(c) Accounting Period Concept
(d) Both Cost Concept (Purchase Price) and Business Entity Concept
