The concept the enables a business to determine the actua...
The concept the enables a business to determine the actual profit or loss for a particular period is
accrual concept
business entity concept
consistency concept
going concern concept
Correct answer is A
No explanation has been provided for this answer.
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
Which of the following fixed assets is not depreciable? ...
Given: Subscriptions received.........N200,000 Subscriptions owed.............N10,000 Subscript...
The transaction that completes its double entry in the same ledger account appears in ...
Recurrent expenditure of a local government include ...
Working capital is the excess of ...
Which of the following accounts for the highest revenue to Nigeria? ...
Materials are taken out of government unallocated store by means of ...