O-LevelAccountingAccounting principles and policies7707/11 · May/June 2020 · Q331 Mark

Rashid's financial year ends on 31 December. He paid rent on 1 February, 1 May, 1 August and 1 November. An adjustment was made in the income statement for rent prepaid. Which accounting principle was applied?

Aduality

Bmatching

Cmoney measurement

Dprudence

✓ Correct answer

B: matching

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 1, question 33.

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