Describe the accounting concept that would be relevant when deciding on how to account for a transaction
Question:
Describe the accounting concept that would be relevant when deciding on how to account for a transaction that involves an owner of a business taking inventory for his own use.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
A Describing accounting concepts are as follows 1 Cost Concept The fixed assets of a business are recorded on the basis of their original cost in the first year of accounting Subsequently these assets ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0 Reviews
10+ Question Solved
Related Book For 
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
Question Posted:
