The concept that guides a firm to adopt a regular method ...
The concept that guides a firm to adopt a regular method of recording transactions in its books over a period is
Periodicity concept
Consistency concept
Going concern concept
Historical cost concept
Correct answer is B
No explanation has been provided for this answer.
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Which of the following is the effect of an increase in the provision for discount allowed? ...
Goodwill is recognized in partnership accounts when ...
A discount that is allowed to encourage a debtor to pay off his debt within a period is the ...