The assumption that a business will continue to exist int...
The assumption that a business will continue to exist into the foreseeanle future is recognized by a concept called
Matching
Business entity
Going concern
Historical cost
Correct answer is C
The going concern concept states that a business will continue to operate for an indefinte period of time or perpectual existence.
The purchases ledger control account is also known as ...
April 11:Sold goods for cash N50,000 April 20: Bought goods for cash N30,000 April 26: Bough...
Given: Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675...
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
A petty cashier received a float of GHC 84. The imprest is ...