The accounting concept that states that a firm's fina...
The accounting concept that states that a firm's financial affairs must be separated from that of the owner's private transactions is
Business entity
Going concern
Consistency
Duality
Correct answer is A
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses.
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The prudence concept demands that ...
Which of the following is capital expenditure? ...
The portion of the authorizes capital which has been allotted to members is ...
Which of the following is not true of revenue expenditure? i. It is incurred in one period of...