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Match the following items from column A with column B 
  • a)
    1-b, 2-a, 3-d, 4-c
  • b)
    1-a, 2-b, 3-d, 4-c
  • c)
    1-c, 2-a, 3-d, 4-b
  • d)
    1-c, 2-d, 3-a, 4-b
Correct answer is option 'D'. Can you explain this answer?
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Match the following items from column A with column Ba)1-b, 2-a, 3-d, ...
a) At the end of the accounting period the provision is made for the amount outstanding for the electricity that has been consumed during the said period. This statement is based on Accrual concept.
b) The going concern concept of accounting implies that the business entity will continue its operations in the future and will not liquidate or be forced to discontinue operations due to any reason. A company is a going concern if no evidence is available to believe that it will or will have to cease its operations in foreseeable future.
c) Revenue recognition principles assumes that the revenue is recognized only when there is sale or transfer of goods. On receiving an advance is not a sale transaction, hence revenue is not recognized.
d) When acquiring property, acquisition costs can include surveying, closing fees, and paying off liens. This amount is considered to be the book value of an asset. The term can also refer to the cost to acquire a new customer.
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Match the following items from column A with column Ba)1-b, 2-a, 3-d, 4-cb)1-a, 2-b, 3-d, 4-cc)1-c, 2-a, 3-d, 4-bd)1-c, 2-d, 3-a, 4-bCorrect answer is option 'D'. Can you explain this answer?
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Match the following items from column A with column Ba)1-b, 2-a, 3-d, 4-cb)1-a, 2-b, 3-d, 4-cc)1-c, 2-a, 3-d, 4-bd)1-c, 2-d, 3-a, 4-bCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Match the following items from column A with column Ba)1-b, 2-a, 3-d, 4-cb)1-a, 2-b, 3-d, 4-cc)1-c, 2-a, 3-d, 4-bd)1-c, 2-d, 3-a, 4-bCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Match the following items from column A with column Ba)1-b, 2-a, 3-d, 4-cb)1-a, 2-b, 3-d, 4-cc)1-c, 2-a, 3-d, 4-bd)1-c, 2-d, 3-a, 4-bCorrect answer is option 'D'. Can you explain this answer?.
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