O-LevelAccountingAccounting principles and policiesOct/Nov 2025Paper 1 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
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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