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Author Question: Which of the following concepts relates to separating the reporting of business and personal ... (Read 65 times)

Alygatorr01285

  • Hero Member
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  • Posts: 564
on: Jul 6, 2018
Which of the following concepts relates to separating the reporting of business and personal economic transactions?
 a. cost concept
  b. unit of measure concept
  c. business entity concept
  d. objectivity concept

Question 2

Under an encumbrance system, which account is debited when a purchase order is issued?
 
  A. Expenditures.
  B. Appropriations.
  C. Encumbrances.
  D. Encumbrances Outstanding.


makaylafy

  • Sr. Member
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  • Posts: 347
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

C


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