Discount on issue of shares by a company should be shown on the:

Which one of the following statements is not true?

"Every debit should have equal and corresponding credit." Which of the following Accounting Concept says so?

The objective of hedge accounting is to represent, in the financial statements, the effect of an entity's that use financial instruments to manage arising from particular risks that could affect profit or loss.

Asha and Vipasha are equal partners with fixed capitals of Rs. 5,00,000 and Rs. 2,00,000, respectively. After closing the accounts for the year ending 31st March 2019, it was discovered that the interest on capitals was provided @ 6% per annum instead of 5% per annum. In the adjusting entry

Match the items of the following two lists and indicate the correct answer:
List-I List-II
a. Earning ability of a firm 1. Basis of accounting
b. Conservatism 2. P/V ratio
c. Cash profit 3. Cash flow statement
d. Cash and accrual 4. Prudence

A machine was purchased on 1st January 1987. It was depreciated by written down value method at the rate of 10% P.A. The depreciated value of machine as on 1st January 1990 is Rs. 13,122. The cost of machine on 1st January 1990 was