Receivables are normally reported on the balance sheet at net realizable value.In contrast,payables are carried at face value.Which accounting principle requires this treatment of payables?
A)Materiality concept.
B)Monetary unit assumption.
C)Going concern assumption.
D)Matching concept.

Question

Quizplus · Accepted Answer

The Answer of Receivables are normally reported on the balance sheet at net realizable value.In contrast,payables are carried at face value.Which accounting principle requires this treatment of payables?
A)Materiality concept.
B)Monetary unit assumption.
C)Going concern assumption.
D)Matching concept.

Receivables Are Normally Reported on the Balance Sheet at Net