Which Accounting Principles says personal expenses should be debited to Drawings Account. a. Accounting Entity Assumption b. Going Concern Assumption. c. Monetary Unit Assumption. d. Accrual Basis
Which Accounting Principles says personal expenses should be debited to Drawings Account. a. Accounting Entity Assumption b. Going Concern Assumption. c. Monetary Unit Assumption. d. Accrual Basis
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 15MCQ
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3. Which Accounting Principles says personal expenses should be debited to Drawings Account.
a. Accounting Entity Assumption
b. Going Concern Assumption.
c. Monetary Unit Assumption.
d. Accrual Basis
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