The assumption that a business will continue to exist int...
The assumption that a business will continue to exist into the foreseeanle future is recognized by a concept called
Matching
Business entity
Going concern
Historical cost
Correct answer is C
The going concern concept states that a business will continue to operate for an indefinte period of time or perpectual existence.
In a manufacturing company, the total cost of goods produced is equivalent to? ...
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount ...
Depreciation for the year 2019 is ...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
Cost of raw materials consumed 300,600 Carriage inwards 6,700 Returns of raw materials 10,800 Clo...
Books of original entry are used for ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \text{...
A rent of ₦50,000 was paid by samson to his landlady by cheque. The double entry in Samson's b...