The Basic Accounting Concept That Refers to the Tendency of Accountants

question 99

Multiple Choice

The basic accounting concept that refers to the tendency of accountants to resolve uncertainty in favour of understating assets and income is known as:

• A)Conservatism.
• B)Materiality.
• C)Relevance.
• D)Revenue recognition.

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Definitions:

Testis

The male reproductive gland that produces sperm and testosterone, located in the scrotum.

Ductus Deferens

A tube that carries sperm from the testes to the urethra in male mammals.

Epididymis

A long, coiled tube attached to the back of each testicle where sperm matures and is stored.

Testis

The male reproductive organ that produces sperm and hormones, including testosterone, located in the scrotum.