Provision for doubtful debts is made in conformity with
Provision for doubtful debts is made in conformity with
Business entity concept
Money measurement concept
Prudence concept
Materiality concept
Correct answer is C
Prudence also known as conservatism. The principles states that the accountant should not be anticipate income and will normally take figure that will understate rather than overstate the profit.
Given: Determine the balance ...
Rent receivable account is an example of ...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
A customers who returns goods to the supplier because they are detective is issued a ...
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses Prime cost consi...