A-LevelAccountingThe accounting cycle9706/12 · Feb/Mar 2017 · Q11 Mark
Which accounting treatments illustrate the use of the matching concept? 1 comparing the receipts and payments in the cash book to obtain the balance of inventory at net realisable value rather than cost 2 using the FIFO method of inventory valuation each year 3 charging depreciation on non-current assets
A1, 2 and 3
B1 and 3 only
C2 only
D3 only
✓ Correct answer
D: 3 only
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