The accounting concept underlying the treatment of person...
The accounting concept underlying the treatment of personal expenses of the business owner as drawing is
Periodicity
Accrual
Entity
Materiality
Correct answer is C
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses.
The advantage of double entry is that ...
The principle of double entry system ensures ...
Which of the following is the equivalent of the receipts payment accounts? ...
During the year ended 31st December 2001, Nuju Enterprises paid rent as follows: Jan. 20, N2...
Changes can occur in partnership when: i. Partnership is dissolved ii. There is amalga...
Which of the government serves as an input, storage and output device of a computer? ...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...