A company manufactured 20,000 units of product XYZ during the year 2010. Which accounting concept is missing

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A company manufactured 20,000 units of product XYZ during the year 2010. Which accounting concept is missing in this transaction?

(a) Matching concept

(b) Money measurement concept

(c) Going concern concept

(d) Recognition concept

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Jan 04, 2024 07:04 AM

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A company manufactured 20,000 units of product XYZ during the year 2010. Which accounting concept is missing

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The missing accounting concept in the transaction is d Recognition concept Heres why Matching concep...View the full answer

Financial Accounting

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