Multiple Choice
The accounting convention that requires the continuous life of the business to be divided into time periods of the same length for the purpose of measuring profit, is the:
A) accounting period convention.
B) matching convention.
C) going concern convention.
D) business entity convention.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: The accounting convention that requires items in
Q30: The purpose of the balance sheet is:<br>A)
Q31: The recognition criteria for liabilities included in
Q32: Which aspect of business performance does the
Q33: Which of these is not an asset?<br>A)
Q35: Calculate the missing cash at bank account
Q36: What is the effect on the balance
Q37: The accounting convention that calls for financial
Q38: Which of these does not belong with
Q39: The effect on the balance sheet of