Question
Which accounting concept is used in the following accounting treatment? A sole proprietor has sold his private house, but has not recorded anything about it
Which accounting concept is used in the following accounting treatment?
"A sole proprietor has sold his private house, but has not recorded anything about it in the business records".
Select one:
- a. Business entity
- b. Historic cost
- c. Consistency
d. Materiality
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
10th edition
78025664, 978-0078025662
