Multiple Choice
Which accounting convention has the effect that the employees will not appear as an asset on the entity's statement of financial position?
A) Money measurement convention.
B) Accounting period convention.
C) Stable monetary unit convention.
D) Entity convention.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Which of the following is a non-current
Q21: Calculate the profit for the year if
Q22: Which of the following statements in relation
Q23: Which aspect of business performance does the
Q24: What is the purpose of the statement
Q26: Identify the current liability.<br>A)Wages owing.<br>B)Loan from B
Q27: Which of these is not an asset?<br>A)Accounts
Q28: Which of the following is a liability?<br>A)Drawings.<br>B)Prepaid
Q29: A limitation of the statement of financial
Q30: What is the effect on the statement