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Which of the principles used by business entities

Assignment Help Accounting Basics
Reference no: EM132744974

Problem 1: The taxable event for Value added tax (VAT) is the

a. any of these

b. earning of taxable income.

c. undertaking of a taxable activity.

d. movement of dutiable goods or services across the customs boundary.

Problem 2: Which of the following principles used by business entities is not applicable to non-profit organizations/

a. Use of fair value measurement

b. Accrual basis of accounting

c. Disclosure of earnings per share.

d. Going concern

Reference no: EM132744974

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