O-LevelAccountingAccounting principles and policies7707/12 · Oct/Nov 2025 · Q351 Mark

Antionette decides to treat a calculator bought for her large business as an expense instead of as a non-current asset even though it will be used for several years. Which principle did Antionette apply in deciding to account for the calculator as an expense?

Aduality

Bhistoric cost

Cmateriality

Dmoney measurement

✓ Correct answer

C: materiality

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2025 Paper 1 Variant 2, question 35.

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Antionette decides to treat a calculator bought for her large business as an expense instead of as a non-current asset even though it will be used for several years. Which principle did Antionette apply in deciding to account for the calculator as an expense?

✓ Correct answer

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