In business charges depreciation in accounts, the accounting concept to be considered is the materiality concept.
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Cumulative preference shares have the right to accumulate dividends in a given year if they are in arrears.
A. 正确
B. 错误
In long-term construction contracts, revenue is recognized at the point of the cash collected.
A. 正确
B. 错误
If the purchaser has been given a purchase allowance, the amount of allowance should be debited to purchase return account.
A. 正确
B. 错误
In an inflation economy, the inventory ending balance recorded by FIFO method is lower than that recorded by LIFO method.
A. 正确
B. 错误