The expenses relating to the proprietor and his household should be treated as drawings rather than as
Question:
The expenses relating to the proprietor and his household should be treated as drawings rather than as business expenses on the basis of which of the following accounting concepts?
(a) Matching concept
(b) Prudence concept
(c) Separate entity concept
(d) Substance over form concept
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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