Gyan received Rs.5,000 in advance but he credited to sale account. Which of the following concept he did not follow? a) Accrual b) Conservatism c) Consistency d) Going concern
25 June 2014
oh really thnx a lot..actually i gav my cpt exam in june 2014..i was really on d edge of tears..i did mast in other 3 subjects except for accounts,.. i just checked and got 17 as correct.. as in other websites they give it as "conservatism "but thnks a lot tat u confimed d answer.. now i would pass for sure..one mark now would change my path:) as pass percentage is 18..