Solved

Which Accounting Concept Should Be Considered If the Owner of a Business

Question 69

Multiple Choice

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal use?

A) The prudence concept
B) The capitalisation concept
C) The money measurement concept
D) none

Related Questions

Q64: The underlying assumption that assumes that the

Q65: Rs. 5000 spent on replacement of worn

Q66: Rules of revenue recognition determine that earning

Q67: When a machinery is purchased for cash,

Q68: According to the money measurement concept, the

Q70: The amount salary paid to Suresh should

Q71: XYZ Ltd. follows the written down value

Q72: "Assets should be valued at the price

Q73: Sales made to Mahesh fir cash should

Q74: Which of the following is not the