A. entity
B. materiality
C. realization
D. accrual
Correct Answer:
Option B – materiality
Stationary which will be used over a long period of time is usually recorded as an expense instead of an asset. This concept is called?
Products
-
Effectiveness Of Managers In An Organization
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Organizational Behaviour And Principles Of Organization
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Implementing Accounting Information On System
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Management Accountant Responsibilities
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Significance Of Budgeting In An Educational Institution
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.