Bill Rogers Has Three Different Businesses

question 48

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)Entity concept
• B)Accounting period concept
• C)Accrual basis accounting
• D)Going concern concept

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Definitions:

Extends Keyword

In programming languages like Java, it specifies that a class is deriving from a base class.

Inheritance

A mechanism in object-oriented programming that allows a class to inherit properties and behavior (methods) from another class.

Derived Class

A class that inherits properties and methods from another class, also known as a child or subclass.

Base Class

A class from which other classes are derived or inherit properties and methods in object-oriented programming.