Multiple Choice Questions on The owner of the firm records his medical expenses in the firm rsquo s income statement Indicate the........... for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

The owner of the firm records his medical expenses in the firm rsquo s income statement Indicate the...........

Accountancy (11th) Chapter-1 Introduction to Accounting
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    The owner of the firm records his medical expenses in the firm’s income statement. Indicate the principle that is violated

    Cost principle

    Incorrect Answer

    Prudence

    Incorrect Answer

    Full disclosure

    Correct Answer

    Entity concept

    Incorrect Answer
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