O-LevelAccountingAccounting principles and policies7707/12 · May/June 2014 · Q301 Mark

A trader writes off an amount owed by Mustafa by debiting the bad debts account and crediting Mustafa's account. Which accounting principle is the trader applying?

Aaccounting entity

Bconsistency

Cdual aspect

Dmoney measurement

✓ Correct answer

C: dual aspect

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 30.

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