Examveda
Examveda

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.

This Question Belongs to Commerce >> Accounting

Join The Discussion

Related Questions on Accounting