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Author Question: Which of the following is a fundamental accounting principle? A) price principle B) objectivity ... (Read 123 times)

ARLKQ

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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


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Madisongo23

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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

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

atrochim

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Reply 3 on: Yesterday
Excellent

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