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.
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corp...
Incomplete Record (Extract) Sales......................................N10,600 Rent................
Using the following information to answer the given question \(\begin{array}{c|c} Post & Gr...
The accounting entries used to record a cheque issued by a business is to? ...
Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...
Revenue expenditure of a local government includes purchase of ...