32% C smart2.ums.edu.my IS LEARNING MANAGEMENT SYSTEM MOOC A SABAH N ses Fakulti

Question

32% C smart2.ums.edu.my IS LEARNING MANAGEMENT SYSTEM MOOC A SABAH N ses Fakulti Perniagaan, Ekonomi dan Perakaunan rch QUIZ 2 BT12203 (ulangan) BT1 2203 [2-2017/2018] > Question Not yet answered Marked out of 1.00 P Flag question 7. C1.Which of these best describes going concern concept? pt Select one: 5 10 15 20 a. Financial statement are prepared on the assumption that a business entity will continue to operate in the foreseeable future of b. Financial statements of one netity must be consistent O c. Expenses incurred by a business entity in the O d. Financial accounting is based on the premise that the with other entities within the same line of business nat ar accounting preriod in which the revenue is earned transactions and balances of a business entity are to be accounted for separately from its owners Next A) ??

Explanation / Answer

Answer is A

Going concern asseumption implies that the company will continue its business for forseeable future .

Related Questions

Navigate

• Browse (All)
• Browse 3
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.