O-LevelAccountingAccounting principles and policiesOct/Nov 2020Paper 1 Q341 Mark
When Marina opened a business she purchased a stapler for the office. She recorded this as office expenses rather than as office equipment. Which accounting principle did Marina apply?
Aconsistency
Bhistoric cost
Cmateriality
Dprudence
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of accounting principles and policies within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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