Test Index

CA CPT Model Test Paper 3 with solutions for online practice

© examsnet.com

Question : 3 of 200

Marks: +1, -0

Mohan purchased goods for Rs. 15,00,000 and sold

th of the goods amounting Rs. 18,00,000 and met expenses amounting Rs. 2,50,000 during the year, 2011. He counted net profit as Rs. 3,50,000. Which of the accounting concept was followed by him?

Entity
Periodicity
Matching
Conservatism

Go to Question:

Prev Question

Next Question