Q53. During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept:
(1) Matching
(2) Conservation
(3) None of the above
(4) Accounting period
Answer
Accounting period
Related Questions on Theory Base of Accounting
Q54.When information about two difference enterprises have been prepared presented in a similar manner the information exhibits the characteristic of:
(1) Relevance
(2) Verifiability
(3) None of the above
(4) Reliability
Answer
None of the above
Q55.
(1)
(2)
(3)
(4)