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Accounting Assumptions

Author: Bowles Janell
Description:
Keywords: , , , , , , online teaching

Content:
Quiz:
1. Accounting Period
A) The business exists seperate from the personal finances of the owner.
B) The life of the business is divided into specific periods of time.
C) A business has the ability to survive and operate indefinitely.
D) None of these are correct.

2. Business Entity
A) The business exists seperate from the personal finances of the owner.
B) The life of the business is divided into specific periods of time.
C) A business has the ability to survive and operate indefinietly.
D) None of these are correct.

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