The basis upon which assets of an organization is valued ...
The basis upon which assets of an organization is valued is the
Historical concept
Business entity concept
Periodicity concept
Materiality concept
Correct answer is A
The historical cost concept (also known as cost principle of accounting) states that the assets and liabilities of a business should be presented in accounting records at their historical cost.
The ratio that gives the indication of the efficiency of a firm's sales with respect to cost of ...
Payment for shares in excess of amount offered gives rise to ...
The unit which keeps government's books of accounts is the ...
Bello withdraws cash from bank to office, this is called ---------- entry ...
Which of the following is not true of revenue expenditure? i. It is incurred in one period of...
Use the following information to answer the given question \(\begin{array}{c|c} & ₦ \\ \h...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Which of the following source documents is used for recording goods and returned to suppliers? ...