Business enterprise is separate from its owner according to _____ concept. a) Money measurement concept b) Matching concept c) Entity concept d) Dual aspect concept

Business enterprise is separate from its owner according to _____ concept. a) Money measurement concept b) Matching concept c) Entity concept d) Dual aspect concept
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1 Answer

Answer :

c) Entity concept
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The third stage of Resource Planning involves ? (a) Identification and inventory of resources. (b) Matching the resource development plan with overall National Development plan. (c) Evolving a planning structure endowed with appropriate technology. (d) Qualitative and quantitative estimation and measurement of the resources.

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The auditor's understanding of the entity and its environment consists of an understanding of the following aspects except a. Industry, regulatory, and other external factors, including the applicable financial reporting framework. b. Nature of the entity, including the entity's selection and application of accounting policies. c. Measurement and review of the entity's financial performance. d. Entity's selection and screening process of marketing and production personnel.

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