Bill Rogers Has Three Different Businesses

question 95

Multiple Choice

Bill Rogers has three different businesses. He has only one bank account for transactions relating to all of his various businesses. Which of the following concepts or principles of accounting is Bill violating?

• A)Cost principle
• B)Entity concept
• C)Going- concern concept
• D)Profit recgnition principle

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Definitions:

Assess

The act of evaluating or determining the nature, ability, or quality of something.

Methods

Systematic and organized ways of doing something to achieve a goal, often following a specific procedure or set of rules.

Brief Interventions

Short-term counseling or treatment strategies aimed at reducing or stopping risky behavior and promoting healthy lifestyle changes.

Nutrition Interviews

A method of collecting detailed information about an individual's dietary habits, preferences, and nutritional health through a structured conversation.