Caren Cosmos is the world's most popular soft rock folk singer. She sold t-shirts online last year
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Question:
Caren Cosmos is the world's most popular soft rock folk singer. She sold t-shirts online last year and made $7,000. The money from these sales went directly into her personal banking account which she used for her personal needs. Which key accounting assumption did Caren ignore?
Entity Assumption
Periodicity Assumption
Going Concern Assumption
Accrual Basis Assumption
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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