Multiple Choice
What accounting concept justifies the usage of accruals and deferrals?
A) Going concern assumption
B) Materiality constraint
C) Consistency characteristic
D) Monetary unit assumption
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q33: Revenues, gains, and distributions to owners all
Q46: A decrease in net assets arising from
Q49: When information about two different enterprises has
Q50: One of the elements of financial statements
Q51: According to Statement of Financial Accounting
Q52: Charging off the cost of a wastebasket
Q54: The FASB's conceptual framework classifies gains
Q56: Which of the following (a-c) are not
Q58: Proponents of historical cost ordinarily maintain that
Q86: Accounting information is considered to be relevant