The accounting concept underlying the treatment of person...
The accounting concept underlying the treatment of personal expenses of the business owner as drawing is
Periodicity
Accrual
Entity
Materiality
Correct answer is C
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses.
Impersonal Accounts contain ...
Commission-on-turnover is charged on? ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...
The term "accounting period" is used to refer to the ...
Given: Club trading profit N12,000 Members' subscription N15,000 Profit on sale of fixed asse...
A transaction that would cause the cash book balance to be less than the bank statement balance...
The source of funds available to a local government/district assembly includes ...
₦ Capital: Opening balance &n...
Where a proprietor withdraws cash from bank for office use, the entries would be ...