O-LevelAccountingAccounting principles and policies7707/12 · May/June 2018 · Q301 Mark

A trader spreads the cost of a machine over the years which benefit from the use of that machine. Which accounting principle is being applied?

Aaccounting year

Bdual aspect

Cmatching/accruals

Dmateriality

✓ Correct answer

C: matching/accruals

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 30.

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A trader spreads the cost of a machine over the years which benefit from the use of that machine. Which accounting principle is being applied?

✓ Correct answer

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