O-LevelAccountingAccounting principles and policies7707/11 · Oct/Nov 2014 · Q301 Mark

A business applies the money measurement principle. What would be included in the financial statements?

Amorale of workers

Bquality of the goods sold

Cskill of workers

Dvalue of the goods sold

✓ Correct answer

D: value of the goods sold

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 1, question 30.

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