by: Admin_LouisPosted on:

The fact that allowances are made against doubtful debts upholds the concept of

The fact that allowances are made against doubtful debts upholds the concept of
Consistency
Prudence
Materiality
Business entity

Related posts:

  1. The cash in the till at the beginning and end of the year was N300 and N400 respectively.  What were the sales for the year?
  2. Non-current assets can best be defined as Items of machinery which are not moveable and are purchase with an intention of resale
  3. During year 2016, Victor paid rent amounting to 500,000. He owed 50,000 at the beginning of the year and by 31 December 2016, he had paid rent in advance of 100,000. His rent charge for 2016 was?
  4. An error of commission occurs where the entries required for a transaction are partially omitted.

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: