Financial Accounting MCQs

According to which concept, the proprietor pays interest on drawings

April 25, 2022

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According to which concept, the proprietor pays interest on drawings

Q. According to which concept, the proprietor pays interest on drawings

A. Entity concept

B. Accrual concept

C. Conservatism concept

D. Dual Aspect concept

Answer: Entity concept

According to which concept, the proprietor pays interest on drawings

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