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O-LevelAccountingAccounting principles and policies7707/12 · May/June 2013 · Q301 Mark

A business depreciated machinery using the straight line method in year 1 and the diminishing (reducing) balance method in year 2. Which accounting principle is not being applied?

Aconsistency
Bdual aspect
Cmatching (accruals)
Dprudence

✓ Correct answer

A: consistency

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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, May/June 2013 Paper 1 Variant 2, question 30.

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