The owner of a business purchased a new television for his own use and charged the amount

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The owner of a business purchased a new television for his own use and charged the amount to his drawings account. Which accounting concept is this an example of?

A. Accruals

B. Business entity

C. Consistency

D. Prudence

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 03:57 AM

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The owner of a business purchased a new television for his own use and charged the amount

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D Prudence is the accounting concept that is being violated in this scenari...View the full answer

Accounting For Cambridge International AS And A Level

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