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O-LevelAccountingAccounting principles and policies7707/12 · Oct/Nov 2013 · Q291 Mark

A balance sheet included non-current assets at cost less depreciation. Which principle was being applied?

Aaccounting entity
Bgoing concern
Cmateriality
Dmoney measurement

✓ Correct answer

B: going concern

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About this question

Topic
Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 29.

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