Which Principle Determines the Amount Initially Entered into the Records

question 51

Multiple Choice

Which principle determines the amount initially entered into the records for purchases?

• A) Cost principle
• B) Going concern concept
• C) Business entity concept
• D) Objectivity concept

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Definitions:

Smooth Muscle

A type of muscle tissue which is not under conscious control, found in the walls of internal organs such as the stomach and intestines.

Cardiac Muscle

A specialized type of striated muscle found only in the heart, responsible for pumping blood throughout the body.

Osteons

The fundamental functional unit of much compact bone, encompassing concentric layers of mineralized matrix and a central canal.

Canaliculi

Small, channel-like structures in bone tissue that permit the exchange of nutrients and wastes between blood vessels and osteocytes.