Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. save the image to see clearly, please, ita a easy

save the image to see clearly, please, ita a easy question Part 1 State...

70.2K

Verified Solution

Question

Accounting

imagesave the image to see clearly, please, ita a easy question

Part 1 State the most suitable accounting concept for each of the statement below: Accounting concepts: Accounting period, Matching, Separate Entity, Prudence, Consistency, Accruals, Money measurement, Going concern, Double Entry System, Historical Cost 1. Benjamin Sdn Bhd has been using the straight line method for depreciation of motor vehicles for the last 3 years. 2. For every business transaction, the accountant recorded a minimum of two accounts, where the debits must be equal to the credits. 3. Due to an emergency, Emily withdraw money from her business for personal usage. This withdrawal is recorded in the drawing account. 4. Adipati Holdings bought a new company with the assumption that the company can run for a foreseeable future. 5. Expenses are reported in the income statement in the month in which they are incurred

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which of the following BEST describes recent carbon dioxide concentrations in the atmosphere? A. UNDER...

Biology
Q

Q4. In a survey of 3272 adults aged 57 through 85​ years, it was found that 81.1​% of them...

Statistics
Q

Can a low barometer reading be used to predict maximum wind speed of an approaching tropical...

Statistics
Q

why do upper regions of an upright lung have a larger ventilation-perfusion ratio and why lower...

Medical Sciences
Q

A gas cylinder contains 2.30 mol He, 1.35 mol Ne, and 1.75 mol Ar. If the...

Chemistry
Q

In the current? year, Mick?, Hank?, and Dawn form Ares Corporation. Mick contributes land? (a capital?...

Accounting
Q

3 ABCD is a rigid square wire frame carrying a steady clockwise current i with...

Physics
Q

Use a graphing calculator to solve the nonlinear system.y =e^(X+1)X+y =1Select the correct choice below...

Basic Math
Q

If a is an integer greater than 1 what is the possible value of R...

Algebra
Q

Zenith Company's Merchandise Inventory account at year-end has a balance of $91,820, but a physical...

Accounting
Q

Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parents interest was...

Accounting
Q

Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash...

Accounting