Question

Which out of Following is most suitable for
Creditors and lenders ?
1
Short term solvency and Profitability
2
Profitability & Future growth and
prospects
3
Short term solvency & long term
solvency
Efficiency of business & long term
solvency​

Answer 1

Answer:

Identify the 'Accounting Concepts' involved in the following:

a) Production Manager of the company is interested to reflect the good industrial relations in the

accounts.

b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000.

c) Accounts are prepared at the end of every year.

d) Same accounting methods are used year after year.