Analyst Questions

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.

Accounting principles and guidelines include :

* Business Entity Assumption

* Accounting Period

* Historical Cost Concept

* Full Disclosure Principle

* Cost Principle

* Matching Principle

* Materiality

* Monetary Unit Assumption.

the gaseous form of water is called water vaour.

Foot ball game lasts for 60 minutes in total. It is divided into 4 quarters of 15 minutes each and two halves of 30 minutes each.

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

In India, the right to vote is provided by the Constitution and the Representation of People's Act, 1951, subject to certain disqualifications. Article 326 of the Constitution guarantees the right to vote to every citizen above the age of 18.

A daisy-wheel printer works on the same principle as a ball-head typewriter. Daisy wheel printer is a type of impact printer invented in 1969.

The daisy wheel is a disk made of plastic or metal on which characters stand out in relief along the outer edge. To print a character, the printer rotates the disk until the desired letter is facing the paper.