O-LevelAccountingAccounting principles and policies7707/11 · May/June 2017 · Q291 Mark

Which accounting principle requires a business to prepare financial statements at regular intervals?

Aaccounting entity

Baccounting year

Cgoing concern

Dmoney measurement

✓ Correct answer

B: accounting year

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2017 Paper 1 Variant 1, question 29.

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