Which of the following overall accounting concepts has a number of exceptions under GAAP?
A. Historical cost
B. Transaction basis
C. Conservatism
D. Accrual accounting
Answer: A
Which of the following overall accounting concepts has a number of exceptions under GAAP?
A. Historical cost
B. Transaction basis
C. Conservatism
D. Accrual accounting
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.