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O-LevelAccountingAccounting principles and policies7707/12 · May/June 2020 · Q331 Mark

At the end of the financial year, a company did not account for the unused stationary valued at $50. Which accounting principle did the company apply?

Amatching
Bmateriality
Cmoney measurement
Dprudence

✓ Correct answer

B: materiality

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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 2020 Paper 1 Variant 2, question 33.

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