A-LevelAccountingThe accounting cycle9706/12 · May/June 2018 · Q11 Mark

The owner of a business has been told that work completed for a customer should be recorded in the books of account although the invoice has not yet been sent to the customer. Which accounting concepts are being applied? 1 matching 2 materiality 3 realisation

A1 and 2

B1 and 3

C2 only

D2 and 3

✓ Correct answer

B: 1 and 3

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2018 Paper 1 Variant 2, question 1.

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