Multiple Choice
An accounting convention is best described as
A) an absolute truth.
B) an accounting custom.
C) an optional rule.
D) something that cannot be changed.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q33: The final step in the recording process
Q52: The dividends account is a subdivision of
Q54: The double-entry system requires that each transaction
Q65: At January 1, 2015, Alligator Industries reported
Q80: Transactions are recorded in alphabetic order in
Q114: The double-entry system is a logical method
Q120: Which of the following statements is true?<br>A)
Q135: The usual order of accounts in the
Q194: A three column form of account is
Q202: On January 14, Edamame Industries purchased supplies