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Question 101Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 3 (4:30 PM)

______ are those customs and traditions which guide accountants while preparing the financial statements.

  1. AAccounting Schemes
  2. BAccounting Conventions
  3. CAccounting Policies
  4. DAccounting Regularities
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Correct answer: (B) Accounting Conventions

Explanation

Accounting conventions are customs and traditions followed by accountants, such as consistency, conservatism, materiality and full disclosure.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 3 (4:30 PM)

This is question 101 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 3 (4:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.