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.
Which of the following is not a method of charging goods to the branch by its head office? ...
Given: cash book item: Paid to suppliers N10,800 Expenses paid N6,900 Drawings made N900 Balanc...
Directors' remuneration are recorded in the book as ...
A fund established for the payment of minor expenses is ...
A general journal contains? ...
The historical development of accounting reveals that it? ...
When the debit side total of an account, it means that the account has ...