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O-LevelAccountingAccounting principles and policies7707/11 · May/June 2010 · Q301 Mark

Bi-Appah thinks her business will be worth more when she takes on new, highly skilled staff. Which accounting principle prevents her from recording this in her balance sheet?

Aaccounting entity
Baccounting period
Cgoing concern
Dmoney measurement

✓ Correct answer

D: money measurement

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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 2010 Paper 1 Variant 1, question 30.

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