EPFO EO/AO • General Ability Test • 2021 • Q.108
Accountancy & AuditingMedium
Which one of the following accounting concepts is applied by an entity, when events such as new competitor entering in the market and rift between production and marketing departments are not disclosed in the books of accounts?
Syllabus Connection
Principles of Accountancy: Accounting concepts & conventions, double-entry bookkeeping, journal, ledger, trial balance, depreciation, final accounts preparation (trading, P&L, balance sheet), company accounts & share capital, Accounting Standards (AS & Ind AS). (APFC)
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