The concept that states that a business should not lay cl...
The concept that states that a business should not lay claim to any profits before it is earned with reasonable certainty is
Constitency concept
Prudence concept
Accrual concept
Going corncern concept
Correct answer is C
Accrual concept is the most fundamental principle of accounting which requires recording revenues when they are earned and not when they are received in cash, and recording expenses when they are incurred and not when they are paid.
The authority to incur expenditure in the public sector is......... ...
The consistency concept aims at ...
The process of detecting, tracing and eliminating errors in a computer program is ...
Which of the following is the reason why a seller allows a customer cash discount? ...
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions...