A basic unifying concept in accounting implies that?
QuestionA basic unifying concept in accounting implies that?
where creditors'account is zero, the assets are equal to the owners' equity
there should be a balance in the creditors' account in order to measure total assets
revenues should be supported by invested and owners'capital
total assets can be less than liabilities and equity
The correct answer is A.
More Past Questions:
- English Language
- Christian Religious Knowledge
- Literature In English
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- Further Mathematics
- Current Affairs
- Civic Education
- Writing and Language
- Computer Studies
- Home Economics
- Fine Arts