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.
Segun Ojo didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, b...
The loss of equipment in a fire disaster results in? ...
Which of the following rules is applicable in the absence of a partnership agreement? Inte...
Which of the following is a debit entry in debtors control account? ...
Which of the following items of expense involves actual cash payment? ...