A-LevelAccountingFinancial reporting and ethical considerations9706/12 · May/June 2025 · Q31 Mark

Which accounting concepts are applied when depreciating non-current assets? 1 consistency 2 matching/accruals 3 objectivity 4 prudence

A1 and 2 only

B1 and 3

C1, 2 and 4

D2, 3 and 4

✓ Correct answer

C: 1, 2 and 4

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Topic: Financial reporting and ethical considerations, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2025 Paper 1 Variant 2, question 3.

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