Millionaire Mode

Accounting Concepts, Conventions and Standards

Question 1 of 20

The provision for bad debts should be made in the books of accounts on the basis of

  1. going concern concept
  2. convention of consistency
  3. Convention of coservatism
  4. Convention of materiality

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000