Question 16 This principle requires measurement of transaction on the basis of cost price or equal to cash price A. Full disclosure B. Exchange price principle C. Matching principle D. Revenue recognition principle Question 19 The rights of the partner over the net assets of the business is called A. Parter's drawing B. Partners equity C. Partners capital D. None of the above
Question 16 This principle requires measurement of transaction on the basis of cost price or equal to cash price A. Full disclosure B. Exchange price principle C. Matching principle D. Revenue recognition principle Question 19 The rights of the partner over the net assets of the business is called A. Parter's drawing B. Partners equity C. Partners capital D. None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 16
This principle requires measurement of transaction on the basis of cost price or equal to cash price
A. Full disclosure
B. Exchange price principle
C. Matching principle
D. Revenue recognition principle
Question 19
The rights of the partner over the net assets of the business is called
A. Parter's drawing
B. Partners equity
C. Partners capital
D. None of the above
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