O-LevelAccountingAccounting principles and policies7707/12 · May/June 2010 · Q281 Mark
A sole trader purchased the following items from an office supplier. $ calculator 10 computer system 2000 document shredder 25 stapler 5 Applying the accounting principle of materiality, which would be recorded as revenue expenditure?
Acalculator, computer system, document shredder
Bcalculator, computer system, stapler
Ccalculator, document shredder, stapler
Dcomputer system, document shredder, stapler
✓ Correct answer
C: calculator, document shredder, stapler
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Accounting principles and policies and see which topics are most likely to come up next.
Sign up free →