Question

1.Which of the following is not a correct statement?


a) Only financial character recorded in accounting


b) Assets will be equal to Capital if there are no liabilities


c)The essence of convention of predence is to anticipate no profit and Provide for all possible losses.


c) Business entity concept is not applicable to sole trading concern and partnership concern​

Answer 1

Answer:

option (c)

please mark me brain list and follow me.