Land on lease should be shown in Blance sheet contrary to the fact that the company does not own that piece of land is the implementation of which accounting concept?
A. Matchig concept
B. Accrual concept
C. Prudence concept
D. Substance over form concept
Answer: Option D
Solution(By Examveda Team)
Land on lease should be shown in Blance sheet contrary to the fact that the company does not own that piece of land is the implementation of Substance over form concept.Related Questions on Accounting
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A. Cost and income for managers
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C. Financial conditions of an institutions
D. All of the above
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A. Current assets
B. Fixed assets
C. Intangible assets
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B. Fixed assets
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