The concept which seeks to prevent profits from being ove...
The concept which seeks to prevent profits from being overstated is
Materiality
Consistency
Prudence
Periodicity
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not used for determining working capital? ...
The following was extracted from the books of MEGA COMPANY NIG. LTD �...
The tier of government that uses financial memorandum is the? ...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
The understatement of closing value of work-in-process would have the effect of? ...
Rent paid during 1995 was N2,000 while rent paid at 31st December, 1995 was ...
Which of the following is not a proper form of the accounting equation? ...