The accounting convention which stipulates that money or goods taken from the business by the owner for personal use should be treated as deductions from capital is
A cost
B prudence
C consistency
D entity
Answer is D
Tutors, Past Questions and Projects.
The accounting convention which stipulates that money or goods taken from the business by the owner for personal use should be treated as deductions from capital is
A cost
B prudence
C consistency
D entity
Answer is D
