The Accounting Convention of ________ Guides the Design of Accounting

question 57

Multiple Choice

The accounting convention of ________ guides the design of accounting systems.

• A)objectivity
• B)cost benefit
• C)conservatism
• D)materiality

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Definitions:

Carboxylic Acid

Organic compounds that contain a carboxyl group (-COOH), which consists of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group.

Oligopeptide

An oligopeptide is a short chain of amino acids, typically having fewer than 20 residues, connected by peptide bonds.

Polypeptide

A linear organic polymer consisting of a large number of amino-acid residues bonded together in a chain, forming part of (or the whole of) a protein molecule.

Blueprint

A detailed technical drawing or plan used for the design and construction of buildings, machinery, or systems.