Multiple Choice
The accrual approach to profit measurement is underpinned by which two main accounting assumptions?
A) going concern and historical cost.
B) historical cost and accounting period.
C) accounting period and entity period.
D) accounting period and going concern.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q38: The capital account of Benjie Maintenance, a
Q39: Accountants prefer to calculate profitability using the_
Q40: Which of the following items is the
Q41: An account that is always deducted from
Q42: On 1 May 2018, Dress in Style
Q44: The wages expense account for Ray's
Q45: Profit for a financial period is measured
Q46: On 1 November 2018 the publishers of
Q47: Which of these is not a name
Q48: Accrued salaries is a/an:<br>A) contra asset account.<br>B)