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Which of the following listed accounting assumption, principle, or constraint is most applicable to the following case: Rent paid in advance is recorded as asset.

Which of the following listed accounting assumption, principle, or constraint is most applicable to the following case: Rent paid in advance is recorded as asset.

Question 37 options:

a)

Economic entity assumption

b)

Going concern assumption

c)

Monetary unit assumption

d)

Periodicity assumption

e)

Historical cost principle

f)

Revenue recognition principle

g)

Expense recognition principle

h)

Full disclosure principle

i)

Principle of materiality

j)

Faithful representation characteristic

k)

Consistency characteristic

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