The prudence concept demands that
...The prudence concept demands that
Care is exercised in recognition of profit
Loss should be anticipated
Profit should be reported
Income should be recognized and disclosed
Correct answer is A
No explanation has been provided for this answer.
Where partners maintain a fluctuating capital account, partners' share of profit is credited to ...
The unit which keeps government's books of accounts is the ...
Resources owned and controlled by a business are classified as ...
Which of the following errors will affect the totals of a trial balance? ...
Control accounts help to verify the arithmetic accuracy of the postings from the ...
The bank charges levied on a current account holder is the charge on? ...
A unit of company's capital which can be bought is ...
What is the capital at start? ...
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corp...