Theory Base of Accounting

Which of the following is NOT an objective of accounting?

The Accounting Equation is:

Which accounting assumption states that the business will continue to operate indefinitely?

According to the Matching Principle, expenses should be recognized:

Which of the following is an example of a real account?

The principle that requires accounting methods to be applied consistently from one period to another is called:

Which accounting concept requires that only those transactions which can be measured in monetary terms should be recorded?

Under which accounting assumption are the business transactions recorded separately from the personal transactions of the owner?

Which principle advises accountants to choose the method that results in lower profits when there is uncertainty?

If a business buys machinery worth ₹50,000 by paying ₹20,000 in cash and the rest on credit, how will the accounting equation be affected?