by: Admin_LouisPosted on: Which of the following is NOT an accounting concept? Which of the following is NOT an accounting concept? Information Historical cost Consistency Accrual Share this:TwitterFacebookLike this:Like Loading... Related posts: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?Non-current assets can best be defined as Items of machinery which are not moveable and are purchase with an intention of resaleDuring 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?An error of commission occurs where the entries required for a transaction are partially omitted.
