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:

Cerebrum

The largest part of the brain, responsible for higher brain functions, including thought, action, and sensory processing.

Cerebellum

A region of the brain that plays an important role in motor control, and can also contribute to cognitive functions such as attention and language.

Hypothalamus

A region of the brain responsible for hormone production and regulation, influencing many critical bodily functions, including temperature and hunger.

Brain Tumor

A mass or growth of abnormal cells within the brain, which can be malignant (cancerous) or benign (non-cancerous).