Principles of Accounting – NBC Institute

FA – Nov 2022 – L1 – SA – Q8 – Accounting Concepts

Identify the option that is not an accounting concept.

Question

Accounting concepts are generally accepted principles used in the preparation and presentation of financial statements. Which of the following is NOT an accounting concept?
A. Going concern
B. Impairment
C. Matching
D. Periodicity
E. Prudence

Answer

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Tags: Accounting Concepts, Financial Statements, Principles of Accounting
Level: Level 1

Series: NOV 2022

Question Tag: Principles of Accounting

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FA – Nov 2022 – L1 – SA – Q8 – Accounting Concepts

Identify the option that is not an accounting concept.

FA – Nov 2022 – L1 – SA – Q8 – Accounting Concepts

Identify the option that is not an accounting concept.

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Question Tag: Principles of Accounting

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FA – Nov 2022 – L1 – SA – Q8 – Accounting Concepts

Identify the option that is not an accounting concept.

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FA – Nov 2022 – L1 – SA – Q8 – Accounting Concepts

Identify the option that is not an accounting concept.

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