A-LevelAccountingThe accounting cycle9706/12 · Oct/Nov 2018 · Q11 Mark

A company does not include in the financial statements the value of skills gained by its employees from training programmes. Which accounting concept is being applied?

Aconsistency

Bmateriality

Cmoney measurement

Dsubstance over form

✓ Correct answer

C: money measurement

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 1.

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