Home / MCQ Bank / Commerce

Commerce Business Finance Difficulty: Medium

Assertion (A): The financial statements prepared on a historical cost basis, results in an erosion of capital in the long run. Reason (R): Maintaining the books of accounts as per the current purchasing power technique only may contain the inflationary pressure. Which is the correct statement?

Select the correct option to test your answer:

More Commerce Questions

The take over of a company in which most of the purchase price is paid with borrowed money is referred to as Deduction, which are permissible from gross total income are from The managerial grid consist of how many possible leadership styles? If budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then budgeted indirect cost rate will be How many types of taxes will be in Indian GST?