This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a fundamental accounting principle? A) price principle B) objectivity ... (Read 207 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jul 6, 2018
Which of the following is a fundamental accounting principle?
 
  A) price principle
  B) objectivity principle
  C) subjectivity principle
  D) conformity principle

Question 2

When a business receives cash, it is always recorded as an increase to Cash and a decrease to an Expense.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Madisongo23

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 6, 2018
Answer to Question 1

B
Explanation: B) The fundamental accounting principles include objectivity principle.

Answer to Question 2

F


ARLKQ

  • Member
  • Posts: 571
Reply 2 on: Jul 6, 2018
:D TYSM

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
Principle of Recuperation Principle of Recuperation
Growth Accounting for Europe, A.D. 500–1700 Growth Accounting for Europe, A.D. 500–1700
The Principle of Falsifiability The Principle of Falsifiability
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library