Which of the Following Accounting Principles Primarily Supports the Use

question 45

Multiple Choice

Which of the following accounting principles primarily supports the use of an allowance for doubtful accounts?

• A) Continuity principle
• B) Full-disclosure principle
• C) Matching principle
• D) Cost principle
• E) Going-concern principle

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Definitions:

Underlying

Constituting the fundamental or basic layer or aspect of something, often not immediately visible or apparent.

Observed

Noted or perceived through careful attention or surveillance.

Genotype

The genetic constitution of an individual organism, determining inherited characteristics.

Phenotype

Describes the set of observable characteristics or traits of an organism as a result of the interaction of its genotype with the environment.