In the preparation of account, the owners of the business...
In the preparation of account, the owners of the business and the business concerned are treated as
Partners
Joint venture
The same person
Separate legal entities
Correct answer is D
The business entity concept state that business is treated as a separate entity from parties having proprietary or economic interest in it.
The straight-line depreciation is ...
Use the following information to answer the given question BOUGHT LEDGER CONTROL ACCOUNT: \(\beg...
In a partnership goodwill is recognized when ...
Financial accounting information is for ...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...
The documents that provide instant information to firms on their tranactions with banks are ...
Which of the following affects the accuracy and authenticity of the trial balance? ...