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O-LevelAccountingAccounting principles and policies7707/12 · Oct/Nov 2024 · Q341 Mark

Which accounting principle is the accounting equation based on?

Aduality
Bgoing concern
Cmateriality
Drealisation

✓ Correct answer

A: duality

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About this question

Topic
Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 2, question 34.

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