The accounting principle that states that, In the prepara...
The accounting principle that states that, In the preparation of account statements, revenues are recognized as soon as goods is passed on to the customer is the
Materiality concept
Matching concept
Constituency concept
Realization concept
Correct answer is D
The realization principle is the concept that revenue can only be recognized once the underlying goods or services associated with the revenue have been delivered or rendered, respectively.
In government imprest system the amount reimbursed is the ...
The formular for calculating depreciation using straight line method is ...
A set of instruments fed into a computer for accomplishing a given task is a/an ...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000 and liabi...
Which of the following is not a real account? ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...