Multiple Choice
The comparison of the results of one accounting period with that in the past is possible when the following convention is followed:
A) Convention of Consistency
B) Convention of Full Disclosure
C) Convention of Materiality
D) Convention of Prudence
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Outstanding Salaries are shown as:<br>A)An Expense<br>B)A Liability<br>C)An
Q13: What is the order in which the
Q14: Goods distributed as free samples is debited
Q15: Creditors for goods purchase come within the
Q16: The Accounting Standards Board was established in
Q18: The process of recording financial data up
Q19: According to this convention, important items must
Q20: Which of the following explains the imprest
Q21: Drawings account is the nature of<br>A)Personal Account<br>B)Real
Q22: Cash discount is provided?<br>A)Early payment<br>B)Late payment<br>C)Bulk purchase<br>D)Bulk