The allocation of owner's private expenses to his her business violates...

Home / Commerce / Miscellaneous In Commerce / Question

Examveda

The allocation of owner's private expenses to his/her business violates which of the following?

A. Accrual concept

B. Matching concept

C. Separate business entity concept

D. Consistency concept

Answer: Option C

This Question Belongs to Commerce >> Miscellaneous In Commerce

Related Questions on Miscellaneous in Commerce

A. Historical

B. Forward looking

C. Analytical

D. Social

View Answer

A. Expenditure for the business

B. Cost for the business

C. Gain for the business

D. None of the above

View Answer

A. Repayment of bank loan

B. Dividend to stock holders

C. The purchase of land

D. Payment of current period rent

View Answer

A. Real a/c

B. Personal a/c

C. Nominal a/c

D. None of these

View Answer