•purchase of stationery is treated as an expense of the basis of
1. money measurement concept
2. cost concept
3. materiality concept
4. objective concept
•"do not enter cipet profits but provide for all losses" is based on
1. money measurement concept
2. cost concept
3. materiality concept
4. objective concept
•sales recognised on the basis of cash memo or invoice due to
1. money measurement concept
2. cost concept
3. materiality concept
4. objective concept
•advance received from a customer is not taken as income or sales because of
1. revenue recognization concept
2. dual aspect concept
3. materiality concept
4. objective concept
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Answer:
1.money measurement
4.revenue recognization concept
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