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Which accounting concept is used in the following accounting treatment? A motor van broke down in December 2009. The repair bill for it was not
Which accounting concept is used in the following accounting treatment?
"A motor van broke down in December 2009. The repair bill for it was not paid until 2010 yet it has been treated as a 2009 expense".
Select one:
- a. Business entity
- b. Accrual
- c. Going concern
- d. Money measurement
Which accounting concept is used in the following accounting treatment?
"A motor van broke down in December 2009. The repair bill for it was not paid until 2010 yet it has been treated as a 2009 expense".
Select one:
- a. Business entity
- b. Accrual
- c. Going concern
- d. Money measurement
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