Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept states that omitting or misstating this information could influence users of the financial statements?
Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and
services have been received.Which accounting concept governs the above?
What are the problems of only using financial performance indicators for measuring the performance of a company?
What is the difference between internal and functional benchmarking?
Describe the three elements of VFM